In August 2015, India signed a Memorandum of Understanding (MoU) to tackle the menace of fake Indian currency notes (FICN) smuggling with which country?

The correct answer is Bangladesh.

Key Points

• India and Bangladesh have inked a memorandum of understanding (MoU) for full cooperation to tackle the menace of fake Indian currency notes (FICN) smuggling.
• The MoU was signed at a maiden meeting of the Joint Task Force on Fake Currency Notes (JTFFC) in Dhaka held on 12 and 13 August, 2015.
• Both countries have agreed to share intelligence inputs on operatives engaged in circulating FICN on real time basis in order to curb
• India will provide these machines to Bangladesh to detect FICN circulation at international airports, immigration points, integrated crossing points, bank s and financial institutions in Bangladesh.
• India will establish these facilities for examination of fake currency notes in Bangladesh.
• It will facilitate maintaining a digital record of analysis and seizures of fake notes which will include creation of a database on smugglers for use by both countries.
•  India will help Bangladesh to set up this laboratory for examination of fake notes and maintaining a digital depository of forensic reports.
• As part of the MoU, both countries in future will organise capacity building training programmes.