Security Issues in INR
RBI has taken a lot of measures to prevent counterfeiting, money laundering, and duplication of currency. To ensure legitimacy and authenticity in transactions the currency issued by RBI has some unique identification marks which are hard to be copied by anyone. The currency notes have watermarks, holograms, security threads, and optically variable ink. RBI also takes the help media to educate people on how to identify fake currency and help the government in stopping these financial crimes. RBI has also instated a financial intelligence unit that monitors all financial transactions and verifies their legitimacy which helps in reducing financial crimes and money laundering.
INR Full Form
INR Stands for Indian National Rupee. The INR was introduced in 1947 before this there was a British Indian rupee and it has been in circulation since the 16th century. The Indian rupee was made of silver at that time but after independence INR was introduced and was issued by the Reserve Bank of India. In 2010 Udaya Kumar configured a new way to represent the rupee replacing Rs with “₹”. The lowest denomination currently is the paisa 100 paisa accounts for 1 rupee you might find 25 paise or 50 paise but it is very rare because RBI has stopped issuing coins of value less than 1 rupee. INR is the official currency of India and it is a common term used in financial transactions and currency exchange all over the world.