On Monday 23 Jan 2012 10:37:25 pm Udhay Shankar N wrote: > On 23-Jan-12 9:53 PM, ss wrote: > > Once you oursource a thing like making curreny then you can only writhe > > and kick about when it gets faked. > > The hidden assumption in this statement is that it is feasible to get > the same anti-forgery features done here at a comparable cost.
Not at all. This is like so many of India's "advanced defence tech" programs where vital components have to be bought from abroad because the technology is 1. Unavailable in India 2. Is taking or will take too long to develop 3. When the local tech reaches maturity some foreign supplier drops his prices and offers the same at throwaway prices. I was under the impression that India just does not have the paper or the tech to put in some security features and it must be done aborad. And a concerted effort to establish that in India may or may not have been made - I don't know for sure, but I suspect that those efforts are being made now that India is basically being flooded with fake currency from Pakistan. Having said that I have also believed without proof that Pakistani intelligence services (insofar as one can find intelligence in Pakistan) have placed people in some fairly interesting places - which includes moles in the "secure priniting presses" abroad that specialize in producing currency for others. In the good old days even the Pakistani diplomatic corps have been used to smuggle arms, currency and, believe it or not, nuclear material. The Pakistani army-establishment nexus is a vast criminal enterprise. By making that statement I am by no means absolving either the Indian or American governments as being non-criminal. I have read news reports in the last month or so that fake US dollars printed in Pakistan have been discovered Here it is 1. http://oneclick.indiatimes.com/article/02bmdDKbHD79c?q=Pakistan > A Pakistani national was arrested from Tribhuvan International Airport with > fake 5200 US dollars, local media reported here today. Mohammad Iqbal > (passport No 1333373), who landed at the TIA by Pakistan Airlines flight > PK 268 was arrested with 52 fake US 2. http://www.thehindu.com/news/national/article2791252.ece > For the first time last year, the Mumbai police seized counterfeit American > currency, with a face value of to $5 lakh. > > “We have been seizing counterfeit Indian currency for years, but for the > first time we have come across counterfeit U.S. dollars. This ties up with > the Central agencies' inputs that Pakistan is also involved in printing > fake U.S. currency,” Himanshu Roy, Mumbai Joint Commissioner of Police, > said in the annual press conference here on Tuesday. shiv
