Hon'ble BHAGWATI, J.—This order governs the disposal of bail application filed under Section 439 of Cr.P.C. by Shri Prem Krishna Sharma, Advocate on behalf of the petitioner Mohd. Saleem Balim pertaining to FIR No. R.C. JDH 2010 S 0010/2010 Police Station CBI, SPE, JDH, registered in the offences under Sections 489-B and 489-C of IPC. 2. Heard the learned counsel for the petitioner as also the learned Public Prosecutor for the State and perused the material on record. 3. Learned counsel for the petitioner canvassed that the petitioner has been in custody since 7th August, 2010. The case is pending trial which is likely to take time. The petitioner has been falsely implicated and he is in no way connected with the alleged offences of the instant case. Hence, the petitioner deserves to be granted indulgence of bail. 4. The learned Public Prosecutor appearing for the State has opposed the bail petition primarily on the ground that Rs. 13,600/- counterfeit currency notes have been recovered from the possession of the accused at the time of his arrest. He endeavoured to circulate the counterfeit currency notes in the market which is an offence of grave nature. Hence, the petitioner should be denied bail. 5. Having reflected over the submissions made at the bar and perused the relevant material on record, it is noticed that Rs. 13,600/- counterfeit notes were recovered from the accused petitioner while checking at Munabab Custom. 6. A country's currency is one of its cornerstones. Its value against other currencies reflects the strength of its economy and is also a matter of national pride. What it buys is of great importance to its citizens. Consequently, its effective management is a great concern for any government. Today this pillar of our country is under attack from an insidious and invisible enemy. A proliferation of fake currency over the last three years has grown to dangerous proportions. According to the National Crimes Records Bureau, 2,204 cases of counterfeiting were reported in 2007. Small states like Sikkim, Uttarakhand and Himachal Pradesh witnessed an average increase of 185 per cent in counterfeiting cases between 2006 and 2007. As India grapples with a financial downturn, the spread of counterfeit notes leads to greater uncertainty, undermining a country's confidence in its financial system and the strength of its currency. Small states like Sikkim, Uttarakhand and Himachal Pradesh witnessed an average increase of 185 per cent in counterfeiting cases between 2006 and 2007. As India grapples with a financial downturn, the spread of counterfeit notes leads to greater uncertainty, undermining a country's confidence in its financial system and the strength of its currency. Counterfeit currency has always been used to fund criminal activity, be it drugs or arms smuggling. Today it is estimated that eight or nine notes of every thousand in circulation in India are counterfeit. 7. The people like petitioner, thus, are posing a serious threat to the Nation, breaking and paralyzing its economy. Hence, without expressing any opinion on the merits of the case, but keeping in view the severity of offence, I do not deem just and proper to grant any indulgence of bail to the petitioner and his bail petition out rightly deserves to be dismissed. 8. In the result, the bail petition filed on behalf of the accused petitioner Mohd. Saleem Balim S/o Kashim Abdul Balim under Section 439 of Cr.P.C. stands dismissed.