What is the punishment for using forged or counterfeit money as genuine?

In detail

The law says that anyone who brings into the country, sends out of the country, sells, gives, buys, receives, or otherwise deals with a coin, stamp, currency note or bank note that is fake, and does so while knowing it is fake or having reason to believe it is fake, commits an offence. This includes using the fake item as if it were real. The punishment for such conduct is very severe: the court may order life imprisonment, or a term of imprisonment that can go up to ten years. In addition to jail time, the offender must also pay a monetary fine. The law does not set a specific amount for the fine; the court decides the amount based on the case. The provision covers both domestic and cross‑border activities, meaning that even moving fake money across the border is punishable. Anyone who is found to have used a counterfeit coin, stamp or note as genuine, even once, can face these penalties.