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.
The new Rs.500 note. Twitter
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.
The head of the Inter-Services Intelligence (ISI) agency, Rizwan Akhtar. —name of site—
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.
The new Rs.2000 note. Twitter
The Interpol — an intergovernmental organisation for police cooperation — too noted that Pakistan had been the source of counterfeit currency notes being smuggled into India. In its June 2013 report, the FATF stated that high-quality counterfeit Indian notes were “printed in Pakistan and then smuggled into India through transit points at Dhaka (Bangladesh), Sri Lanka, United Arab Emirates and Bangkok (Thailand).”
India is among the countries which reported to the Financial Action Task Force (FATF) that individual terrorists used counterfeit currency and distributed it through terrorist networks. The proceeds were “invested to strengthen terrorist support infrastructure and to finance individual attacks”.