The fake currency notes were in the denomination of $100 with face value of USD 20,000, police said.
Acting on tip off, a team of police stopped a bike near Beelha village and seized fake currency from the possession of its riders, Barnala SP Swaran Singh said.
The three were going towards Sangrur and the notes were kept in two packets.
The accused have been identified as Balwinder Singh resident of Moga, Jagtar Singh and Gurdev Singh, both residents of Sangrur district, he said.
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