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    • {"id":28774,"date":"2020-08-04T16:36:50","date_gmt":"2020-08-04T11:06:50","guid":{"rendered":"https:\/\/www.nepalisansar.com\/?p=28774"},"modified":"2020-08-04T16:36:50","modified_gmt":"2020-08-04T11:06:50","slug":"kathmandu-witnesses-sharpe-surge-in-fake-currency-circulation","status":"publish","type":"post","link":"https:\/\/www.nepalisansar.com\/government\/kathmandu-witnesses-sharpe-surge-in-fake-currency-circulation\/","title":{"rendered":"Kathmandu Witnesses Sharpe \u2018Surge\u2019 in Fake Currency Circulation!"},"content":{"rendered":"

    Apart from the unstable political scenario, poverty, corruption and natural disasters, the counterfeit currency menace is affecting the economic stability in Nepal.<\/p>\n

    In the last two years, the Nepali Government has seized fake currency worth millions in Kathmandu alone.<\/p>\n

    Last week, the Kathmandu Police arrested Narayan Paudel of Syangja with a fake currency printing device and ten copies of fake 1,000-rupee notes.<\/p>\n

    \u201cWe are investigating into the case to find out how long he has been working on it and what quantity of fake currency has been circulated,\u201d said SSP Gyawali.<\/p>\n

    This is just the tip of the iceberg.<\/p>\n

    The Nepal Police have arrested many criminals involved in printing and circulating fake Nepali currency notes.<\/p>\n

    Latest Fake Nepali Currency Cases in Kathmandu<\/h2>\n
    \n\n\n\n\n\n\n\n\n\n\n\n\n
    No. of Culprits <\/strong><\/td>\nFake Currency<\/strong><\/td>\nDate<\/strong><\/td>\n<\/tr>\n
    One<\/td>\n10 fake notes of NPR 1,000<\/td>\nJuly 31, 2020<\/td>\n<\/tr>\n
    One<\/td>\n19 fake notes of NPR 1,000<\/td>\nJuly 24, 2020<\/td>\n<\/tr>\n
    Four<\/td>\nNPR 413,000 Fake currency worth<\/td>\nJanuary 9, 2020<\/td>\n<\/tr>\n
    Three<\/td>\n34 fake notes of NPR 1,000 and fake currency printer<\/td>\nOctober 21, 2019<\/td>\n<\/tr>\n
    One<\/td>\nNPR 150,000 worth fake currency<\/td>\nJanuary 30, 2019<\/td>\n<\/tr>\n
    Five<\/td>\nNPR 370,000 worth fake currency<\/td>\nOctober 21, 2018<\/td>\n<\/tr>\n
    One<\/td>\nNPR 10,000 worth fake currency<\/td>\nOctober 12, 2018<\/td>\n<\/tr>\n
    One<\/td>\nNPR 5,000 worth fake currency<\/td>\nOctober 9, 2018<\/td>\n<\/tr>\n
    Six<\/td>\nNPR 26.06 million worth fake currency<\/td>\nMay 16, 2018<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

    According to the police records, the fake currency in Nepal is circulated in the busy markets, mostly during festivals.<\/p>\n

    “Restaurants, shops and places with more transaction ratios are regarded as a safe haven for the criminals,” claims the authorities.<\/p>\n

    Citing the rise in fake currency circulation, the Nepal Police are taking severe actions against the criminals and trying to bring awareness among the public.<\/p>\n

    Under the National Criminal Code Act 2017, a person involved in counterfeiting money can be fined from NPR 50 thousand to NPR 100 thousand and 5-10 years of imprisonment.<\/p>\n

    Stay Tuned to Nepali Sansar<\/a> for Latest News!<\/p>\n","protected":false},"excerpt":{"rendered":"

    Apart from the unstable political scenario, poverty, corruption and natural disasters, the counterfeit currency menace is…<\/span><\/p>\n

    Read more<\/a><\/div>\n

    <\/p>\n","protected":false},"author":761,"featured_media":28775,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10004,3,1326],"tags":[8765,15406],"yoast_head":"\nKathmandu Witnesses Sharpe \u2018Surge\u2019 in Fake Currency Circulation!<\/title>\n<meta name=\"description\" content=\"In the last two years, the Nepali Government has seized fake currency worth millions in Kathmandu alone.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.nepalisansar.com\/government\/kathmandu-witnesses-sharpe-surge-in-fake-currency-circulation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kathmandu Witnesses Sharpe \u2018Surge\u2019 in Fake Currency Circulation!\" \/>\n<meta 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