Dhaka, Bangladesh (BBN)-Indian and Bangladeshi security agencies have agreed to work in close coordination to curb the smuggling of counterfeit currency notes, posing a threat to national security.
They have signed a memorandum of understanding to this effect.
At a meeting of the Joint Task Force on Fake Currency Notes in Dhaka on August 12 and 13, the two sides committed themselves to sharing intelligence on a real-time basis.
A secure channel will be established for information exchange, for which a standard operating procedure is being developed.
The MoU was signed by the Bangladeshi team led by Additional Inspector-General Mohammed Mokhlesur Rahman and the Indian team headed by National Investigation Agency Inspector-General Sanjeev Kumar Singh.
The Indian side, comprising security and intelligence officials, gave a presentation on the magnitude of the threat posed by high-quality fake currency notes and shared the modus operandi adopted by the masterminds.
Such acts have been included as terror offences under the Unlawful Activities Prevention Act, it said.