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Hawala, fake notes from Pak, terror funding hit by demonetisation: Govt

Hansraj Gangaram Ahir informs Parliament about positive effect of demonetisation

Press Trust of India  |  New Delhi 

Hawala, fake notes from Pak, terror funding hit by demonetisation: Govt

There was a "significant positive impact" of on most of the "theatres of violence" in the country, the Centre told the on Tuesday.

"As per the reports of the agencies, the of and Rs 1,denominations resulted in a significant positive impact on most theatres of violence in the country," Union Minister of State for Home Affairs said in a written reply to a question.


He added that since illegally held cash formed a major chunk of terror funding, after the Centre's decision to scrap the old and Rs 1,currency notes in November last, most of the cash held by terrorists became worthless.

"The also led to an instant extinguishment of Pakistan-printed high-quality fake Indian currency notes. It also adversely affected the hawala operators," said Ahir.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Tue, July 25 2017. 19:50 IST