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Pakistan accused of printing fake Indian currency

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Cheetah786

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NEW DELHI: A Pakistani government printing press in Quetta is churning out large quantities of counterfeit Indian currency, The Times of India reported on Monday.

The rupee notes are then smuggled into India as “part of Pakistan’s agenda of destabilising (the) Indian economy through fake currency,” the daily said. The notes are “supplied by the Pakistan government press (at Quetta) free of cost to Dubai-based counterfeiters who, in turn, smuggle it into India using various means,” the report said, quoting a Central Bureau of Intelligence note to Indian security agencies and the finance ministry.

Pakistan’s intelligence agency, Inter-Services Intelligence (ISI) allegedly plays an active role in the scam. The notes “are pushed into India by ISI through all possible channels using smugglers, underworld gangs, terrorists and general air/rail passengers”. The Indian intelligence agency picked up the trail of the counterfeiters from interrogations of a Gulf-based bookmaker who was deported from Dubai to India. The Reserve Bank of India has estimated the amount of fake currency in circulation at almost Rs 1.7 trillion ($37.5 billion), the report said.

LOL :cheers:
 
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where there is demand, there is supply. Market forces always prevail ;) by the way, any other news sources covering this or is this more hogwash? As far as i know, all those fake rupee notes are coming in from the insurgency hit north east.
 
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few days ago i find someone saying
"i do not waste time on reading if it is by times of India"

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he was absolutely right
 
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Is this not the idea that was revolving in Indian authorities for destabilization of Pakistan after 27/11?
TOIlet is playing 'Pot Calling the Kettle Black' game.
 
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NEW DELHI: A Pakistani government printing press in Quetta is churning out large quantities of counterfeit Indian currency, The Times of India reported on Monday.

The rupee notes are then smuggled into India as “part of Pakistan’s agenda of destabilising (the) Indian economy through fake currency,” the daily said. The notes are “supplied by the Pakistan government press (at Quetta) free of cost to Dubai-based counterfeiters who, in turn, smuggle it into India using various means,” the report said, quoting a Central Bureau of Intelligence note to Indian security agencies and the finance ministry.

Pakistan’s intelligence agency, Inter-Services Intelligence (ISI) allegedly plays an active role in the scam. The notes “are pushed into India by ISI through all possible channels using smugglers, underworld gangs, terrorists and general air/rail passengers”. The Indian intelligence agency picked up the trail of the counterfeiters from interrogations of a Gulf-based bookmaker who was deported from Dubai to India. The Reserve Bank of India has estimated the amount of fake currency in circulation at almost Rs 1.7 trillion ($37.5 billion), the report said.

LOL :cheers:

Hmmm not able to understand the goal.. If they are able to print $ there is a use... Printing will only destabilize our economy not our position.. And RBI has already taken steps to clean these mess...
 
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guys its not just times of india
the fake currency racket is widespread and is being reported fo years now

their r lot of keralites in dubai and there has been innumerable arrests of people bringing fake currencies from dubai
 
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y cant RBI change the paper used for the currency??
INDIA nd PAKISTAN purchase the same paper for their curencies
dont knw y RBI doesnt do that
i've heard this in many discussions
 
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y cant RBI change the paper used for the currency??
INDIA nd PAKISTAN purchase the same paper for their curencies
dont knw y RBI doesnt do that
i've heard this in many discussions

Actually they (Indian RBI) may themselves want to destabalize Pakistan so changing paper may make their work difficult!!!!!!:eek:
 
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