How Prime Minister Narendra Modi’s announcement of demonetization of INR 500 and 1000 destroyed the Fake Indian Currency Note printing cottage industry of terrorist hub Islamic State of Pakistan!
Pakistan’s code word for high quality Fake Indian Currency Notes (FICN) is ‘RBI’ — Reserve Bank of India — which controls the monetary policy of the Indian rupee. With Prime Minister Narendra Modi’s demonetisation policy abolishing Rs 500 and Rs 1,000 rupee notes, Faizabad bus stand in Rawalpindi, Pakistan has lost its charm for Lala, a former ISI officer, who coordinates the smuggling of FICN to India.
A retired brigadier-rank officer of the Pakistani Army, Lala, till last week was the key figure to procure and supply ‘RBI’ or FICN through an intricate network of couriers and smugglers. But, since Modi activated his ‘original RBI’ to junk high-denomination notes last week, there are virtually no takers for Lala’s ‘RBI bundles’ across the entire stretch of Muni Road in Rawalpindi, the northernmost part of Punjab province.
It is no secret that Pakistani embassies abroad are using their diplomatic channels for FICN circulation and the crackdown started by Modi may perhaps render many undercover ISI officers jobless in South Asian countries. The secret dossier mentioned above said:
“There are a number of intelligence inputs available to indicate the involvement of Pakistani officials in Bangladesh, Nepal and Thailand of having assisted, managed and supplied FICN at times using the diplomatic bag to wholesale operations in those staging countries. The diplomats, who were associated with FICN trade, were also known to be involved in counter-intelligence operations against Indian diplomats in those countries.”
The Unlawful Activities (Prevention) Act (UAPA) makes production and distribution of high quality FICN a terrorist offence and Intelligence Bureau (IB) recently in a note observed that CCRs collected and analysed by FIU should be shared with other agencies for immediate action as banks continue to report difficulty in registering FIRs.