No need to worry, Pakistan won't be able to replicate new Indian currency notes: Intelligence agencies

According to Indian intelligence agencies, the Pakistani mint has achieved a "zero-error counterfeit capability" in printing fake Indian notes.

Updated: Nov 10, 2016, 09:11 AM IST
No need to worry, Pakistan won't be able to replicate new Indian currency notes: Intelligence agencies

New Delhi: Pakistan will not be able to replicate the new notes that are being planned by the Reserve Bank of India (RBI), according to intelligence agencies.

They said that the security features in the new denominations of Rs 2,000 and Rs 500 notes will make it impossible for them to copy.

Citing a top government official, the Times of India reported that the Research and Analysis Wing (RAW), India's external intelligence agency, the Intelligence Bureau and the DRI have examined the features for the past six months.

However, he reportedly did not reveal the security features on the new notes.

Pakistan reportedly had a dedicated mint in Peshawar where only fake Indian currency notes were being printed.

The fake notes are then supplied to various terror groups like the Dawood gang and LeT by Pakistan's intelligence agency.

According to Indian intelligence agencies, the Pakistani mint has achieved a "zero-error counterfeit capability" in printing fake Indian notes.

According to an estimate, Pakistan reportedly pushes about Rs 70 crore worth of fake currency notes into the Indian economy in order to fund terror.

TOI quoting MoS for home Kiren Rijiju reported that the government's move would lead to closure of fake currency "press" in Pakistan.