In an interview to Tamil news channel, Musharraf called it a good step from personal perspective.
When asked about the accusation that every counterfeit note comes from Pakistan, he said he challenge this accusation. He said it is done by both sides.
The former Pakistan President said he is not an economist but still it is a good move.
An organised criminal network has been working in Pakistan’s Peshawar to print only fake high quality Indian currency notes. The mint, run by Pakistan’s intelligence agency ISI, uses its channels (LeT, Dawood Ibrahim, etc.) to pump fake currency into India.
Every year, Pakistan uses a complex web of couriers, banks and other methods to flood the Indian market with fake currency, for use as ‘terror fund’ and to spearhead disturbances.
More than 26 lakh fake notes of the denomination of Rs 500 and Rs 1000, with a face value of approx Rs 167 crore, have been either recovered or seized by the Reserve Bank of India (RBI) and law enforcement agencies in India from 2011 till 2015 as per data on the Lok Sabha website.
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