FICN is not a new phenomenon. A little googling will tell you that its been going on since early 90's but now its a bigger threat more than ever primarily because the magnitude of production and circulation has increased drastically. Mainly because of technological advancements in fields of drawing, design and printing.
The nexus and protocol is well known too. Fake currency is printed in Quetta, Baluchistan in Pakistan. Then its transported to UAE. From there on, it finds its way in India through Thailand or Nepal. The sheer volume of the operations suggest that there must be some strong backing and motive behind all this. ISI and D-company are the backing agencies and motive is to fund the terrorist activities in Kasmir and subvert the indian economy. This is the reason that the influx of FICN in India has increased exponentially during the last 8-10 years. Pak has seen no tangible effects of its felonious activities in Jammu & Kasmir and after 9/11 attack has always been scrutinized closely by the world as one of the places that harbors terrorism. With its dwindling economy and ever unstable govt. probably FICN is the only means left to support henious acts of terrorism against India. Most of the funding for last year mumbai terror attack was also obtained through fake currency racket.
Dossiers in IB ministry are filled with the details of how Pak's ISI agency carries out these operations. Its an open secret and no surprise that Pakistan is behind all this. What shocked me most was a report published by IB in August 2008 which stated that Pakistan has been procuring currency-standard printing paper in huge quantities from London-based
companies; much higher than normal requirement of the country for printing its own currency.
How could UK govt be not aware of this? When it comes to sucking up to US and expressing their support against terror they come wagging their tail.
We as responsible citizens should be aware too of the diffrences between original and fake currency. RBI has release set of "Know your bank note" postures which are very informative.
http://www.rbi.org.in/commonman/English/Scripts/CurrencyNotePosters.aspx#
Also RBI has advised banks to install currency sorting machines which can detect counterfiet currency.One of the myths is that most of the FICN are of denomination 500 or 1000. However, IB sources say that there is probably more FICN of denomination 100 than 500 and 1000 together, just that people are not aware of counterfiet 100 rupee notes in circulation.
Sometimes, I think that if Pak was to work in full capacity in terms of money, time and intellect in upliftment of their economy rather than devoting these resources for terrorist activities then probably it would be doing just as well as India. Alas!
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