Muscat: Money exchanges in the Sultanate have introduced stringent measures to detect counterfeit currencies in the aftermath of two Omani families unknowingly landed in trouble in India for allegedly possessing fake Indian rupees.
These measures include special training for staff to easily detect fake currencies, reluctance to accept Indian rupee (for buying other currencies) in large quantities from nationalities other than Indians and Omanis, norms to produce resident card for buying foreign currencies and a move to get access to ROP's data base for cross checking duplicate resident cards.
"We have issued two circulars – one to exchange houses and the other one to banks – for taking precautions while dealing with foreign currencies," Hamoud Sangour Al Zadjali, Executive President of the Central Bank of Oman told Times of Oman.
Read more: http://www.timesofoman.com/News/Article-8640.aspx
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