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20 April 2024

Oman warns of fake Indian rupee in GCC market

By Staff

Oman has told citizens travelling to India to take foreign currency and avoid having rupees following the discovery of fake Indian currency notes in the Gulf markets.

The Central Bank of Oman (CBO) also advised residents travelling abroad “not to take a large amount of foreign currency” and to keep receipts for currency exchange.

“Following reports about the presence of amounts of counterfeit Indian rupee currency in the local market and the markets of neighboring countries, the CBO urges all nationals and residents travelling to India during this period to be careful and make sure that they take foreign currencies and avoid the Indian rupee,” CBO said in a statement carried by the official Omani news agency.

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