‘Demonetisation dealt a death blow to Pak’s counterfeit biz’

Pune: Union Minister Smriti Irani on Saturday said post demonetisation, printing presses in Pakistan, involved in circulation of counterfeit Indian currency, are shut and there is a sharp decline in the incidents of violence in Kashmir.
“There are news reports coming in that post demonetisation, printing presses in Pakistan which were involved in printing of counterfeit Indian currencies are shut.
“There are reports that after the scrapping of high value notes, there is sharp decline of 60 per cent in the incidents of violence in Kashmir and there is 50 per cent drop in hawala transactions,” said Irani. Irani was here to attend the ‘Digi Dhan Mela’ organised in city to promote cashless transactions. While addressing the gathering at the event, the Union Textile Minister said that after assuming office of the Prime Minister, Narendra Modi started ‘Swacchta Abhiyan’ but the “Arthik Swacchta” (financial cleanliness drive) began on November 8. She further said that Nobel laureate Kailash Satyarthi recently told her that post demonetisation there is a decline in cases of women and child trafficking.
The Minister claimed that people of this country have extended their support to the demonetisation move. “People are supporting the decision taken by Modiji because every countryman knows that the decision taken by the PM is in the interest of the nation,” she said.
She said that it is good to see that people from all the sections of society, such as tea vendor, vegetable vendor, shopkeepers have come here to participate in the event and are supporting the digital transformation. (PTI)