Following measures are required to deal with the issue in the long term:

• Introducing digital currency: Experts believe that Central Bank Digital Currency (CBDC) can dent the circulation of fake notes as it will be traceable.

• Increase digital transactions: Use of credit/debit cards and digital transactions should be encouraged instead of cash transactions.

• Law Enforcement Considerations: Strategies for formulation of new laws and their enforcement, to prevent counterfeiting, need to be envisioned to diffuse the threat posed by counterfeiters.

• Selection of Combinations of Features: a combination of features will be required to provide a high level of practical counterfeit deterrence. For example, print with photo luminescent ink on security thread.

• Information Exchange- Continuing exchange of information with other countries of the world about effectiveness of new features, feature durability, public acceptance, counterfeiting methods, and new features under development.

• Detection of fake notes: All bank branches should have note sorting machines to detect fake notes which enter banking channels.

• Role of citizens: People should remain vigilant about FICN and report the matter to banks/Police in case they suspect the currency.