New Delhi: Intelligence agencies vetted the new denominations of Rs 2,000 and Rs 500 notes asserting that its security features will be next to impossible to replicate for Pakistan and organised criminal networks for some time to come.
A top government official without going into the details, told TOI that external intelligence agency Research and Analysis Wing, Intelligence Bureau and the DRI examined the features on the notes being secretly printed for the past six months. The official refused to reveal the number of security features on the notes but said they were difficult to forge.
The intelligence community had earlier informed the government and RBI that Pakistan had a dedicated mint in Peshawar where only fake Indian currency notes, mostly in Rs 500 and Rs 1,000 denomination, were being printed.
Pakistan’s intelligence agency ISI, which oversees the mint, uses organised networks including those run by its clients like Dawood Ibrahim, LeT, besides international criminal networks to push fake currency into India.
In a report to government and RBI, intelligence agencies had claimed a few years ago that Pakistan machinery had achieved “zero-error counterfeit capability” in printing fake Indian notes.
According to an estimate, Rs 70 crore worth FICN is pushed every year by Pakistan into the Indian economy, which was used as ‘terror fund’ and to spearhead disturbances.
MoS for home, Kiren Rijiju, said the government move would lead to closure of fake currency “press” in Pakistan.