Prime Minister Narendra Modi’s decision to demonetise Rs 500 and Rs 1000 notes, has dealt a bloody blow to Pakistan’s multi crore fake Indian currency network (FICN). Some have even likened PM Modi’s move as India’s surgical strike on black money.From November 10, the RBI will bring in the market the new Rs.500 and Rs.2000 currency notes which are designed to check duplication by those involved in making fake currencies.
As per a media report, given the world class security features the new notes incorporates, it would be next to impossible for Pakistan and other criminal networks to duplicate them.The report added that RAW, Intelligence Bureau and the DRI have examined the features on the notes being secretly printed for the past six months. They said it is very difficult to forge.
An organised criminal network has been working in Pakistan’s Peshawar to print only fake Indian currency notes, mostly in Rs 500 and Rs 1,000 denomination. Other currency press run by the Pakistan government are in Lahore and Quetta.
The mint, run by Pakistan’s intelligence agency ISI, uses its channels (LeT, Dawood Ibrahim, etc.) to pump fake currency into India. The decision to introduce new notes assume more importance since intelligence agencies have warned the RBI and government that Pakistan machinery had achieved “zero-error counterfeit capability” in printing fake Indian notes. The NIA also supported the point saying the quality of the notes printed in Pakistan is extremely superior and most of the security measures are preset in the notes.