When Prime Minister Narendra Modi had made the bold move to demonetise Rs. 500 and Rs 1000 on November 8 last year, he cited counterfeit currency as one of the main reasons. While PM Modi’s intent was right but it has taken barely two months for Pakistan-based counterfeiters to come out with fake Rs 2,000 notes. The money is being pumped into the country via the permeable India-Bangladesh border. The shocking details were surfaced following recent arrests and seizures made by National Investigation Agency (NIA) and Border Security Force (BSF).

Shockingly, the seized notes have showed that at least 11 of the 17 securityfeatures in the new Rs 2,000 notes had been replicated. They included the transparent area, watermark, Ashoka Pillar emblem, the letters ‘Rs 2000’ on the left, the guarantee clause with the RBI governor’s signature and the denomination number in Devanagari on the front, the report says. According to experts, the motif of Chandrayaan, the Swachh Bharat logo and the year of printing had been copied on the reverse side. Although the print and paper quality of the seized counterfeits were poor, they resembled genuine notes, it says. Besides, the seized notes had the water mark and a crackling sound, similar to genuine currency.

Recently, A 26-year-old man, who hails from Malda in West Bengal, was arrested in Murshidabad for carrying 40 fake notes of Rs 2,000 denomination. During the interrogation, the accused revealed that fake notes had been printed in Pakistan, allegedly with the help of the Inter Services Intelligence (ISI). It has been learned that smugglers were required to pay Rs 400-600 in genuine currency for each fake Rs 2,000 note, depending on the quality.

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