Fake currency printing press in Pakistan have to shut now: Junior Home Minister

New Delhi: Union Minister Kiren Rijiju on Wednesday said the demonetisation of Rs 1000 and Rs 500 notes will lead to closure of "printing press" in Pakistan, where fake Indian currency notes are printed.

Congratulating the Prime Minister for the "bold decision", Rijiju said the action will check corruption and black money besides curbing terror funding and circulation of fake Indian currency notes.

"The printing press in Karachi and Peshawar will now have to shut down due to demonetisation of Rs 1,000 and Rs 500 notes," he told reporters here.

The Minister of State for Home said fake currency note has become one of the major headaches for security agencies till now.

In a surprising move, Prime Minister Narendra Modi last night announced demonetisation of Rs 1000 and Rs 500 notes, making these notes invalid in a major assault on black money, fake currency and corruption.