Posted by: ramrajya | January 25, 2012

Pakistan already threatening India with Bombs now threatening with currency Notes.

Pakistan already threatening India with Bombs now threatening with currency Notes.

இந்தியாவுக்கு எதிராக வெடி குண்டுகளை அனுப்பிய பாகிஸ்தான் இப்போது கள்ள நோட்டுகளை அனுப்புகிறது.

Delhi Police seized recently fake currency notes of the face value of over Rs 6 crore from two tempos – the largest haul in five years. That’s more than three-quarters of the Rs 8.4 crore seized in the previous five years.

There are no prizes for guessing where these notes all bundles of Rs 500 and Rs 1,000 notes came from. The Indian Express News paper says police chief BK Gupta suspects the hand of a “neighbouring country” in all this. Since the Nepalese, Bangladeshis and Sri Lankan are not known to be keen to help the Reserve Bank increase money supply in India, he obviously means Pakistan.

Aas Mohammed (R) and Jeeshan Ali, arrested in connection with seizure of counterfeit notes, in custody of the Special Cell of Delhi Police in New Delhi .For quite some years now, our intelligence agencies have been saying that Pakistan has been trying to damage us economically by pushing in counterfeit notes smuggled through our porous borders with Nepal, Bangladesh and even directly through Punjab and Rajasthan.

The fact is the whole world has been in note-printing mode since 2008: the US called it Quantitative Easing (QE1, QE2, etc); the UK has been in loose-money mode for more than three years; Japan has been printing yen like crazy to prevent it from appreciating against the dollar; Europe will soon join the party to rescue its southern fringe from going under.

Our own note printing presses have been going full tilt to feed the fiscal feeding frenzy – at great cost. It costs us Rs 3.14 to print each Rs 1,000 currency note. It costs 48 paisa to print an Rs 5 note. In fact, in 2010-11 the Reserve Bank of India spent over Rs 2,300 crore to print 1,650 crore currency notes of various denominations. It’s costing us a lot of money to even print our money.

Pakistan was sending extremists to India with bombs targeting Jammu-Kashmir Indians. Now sending counterfeits currency notes targeting to bring the Indian economy to a standstill. People must have awareness about currency notes.


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