Black Money – Domestic and International Efforts

‘Demonetisation to hit terror financing hard’

  1. What: The govt has said one of the reasons to demonetise currency notes of Rs. 500 and Rs. 1,000 was to curb the circulation of fake currency notes
  2. Why: Officials in the security establishment were upbeat that crimes like terror financing would be severely hit by the move
  3. Officials said that in 90% cases, the fake currency had been pumped in through the land route from Bangladesh
  4. Certain security features of Rs. 500 and Rs. 1,000 notes had been compromised
  5. The supplier of raw currency notes, the ink and the silver thread is same for India and Pakistan

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