New Delhi, Nov 11 It would be safe to say now that the fake currency industry is officially dead. The scrapping of the Rs 500 and 1,000 notes killed the entire industry in one go.
Just when the Pakistanis began discussing faking the Rs 100 and 50 notes to make up for their loss, the government made yet another announcement. It was decided that new notes of all denominations would be released in the next couple of months with added security features like the one found in the new Rs 500 and 2,000 notes.
This move would surely get the Pakistan based fake currency racketeers as well the Dawood Ibrahim syndicate re-thinking. They would think twice before putting out fake Rs 100 notes into the market as the entire investment would go waste. Moreover the other point here is that with added security features in the new notes, it is next to impossible to make fakes.
Can't fake it anymore:
A top official with the Intelligence Bureau informed OneIndia that after careful examination of the new notes, it can be said that it is next to impossible to forge the same. There are too many security features in the new notes and this makes it impossible to fake it, the officer also informed.
The Pakistanis had managed to replicate the Rs 500 and 1,000 notes with ease. They had started importing the paper for the notes from the same places which India did. Moreover the security features in the older notes were not too difficult to replicate and the Pakistanis managed to do a thorough job with it.
The fake notes that were in circulation in India were so accurate that it had become impossible to tell between the genuine and the fake. It was a menace that was becoming increasingly difficult to curb and was threatening to break down the Indian economy.