New Delhi: Government sources on Friday told News18 that the currency demonetisation drive has set back financers of terrorism in the country by Rs 700-800 crores.
The government is likely to tell parliament that when the discussion on demonetisation takes place.
Top government sources told News18 that Intelligence Bureau’s assessment is that every year terrorists and left-wing extremists got Rs 700-800 crore in high denomination notes which demonetisation has brought to a halt.
Left-wing extremists get Rs 300-350 crores while Northeast based terror groups share is Rs 350-400 crore. But jehadi outfits used only Rs 5-10 crores, these sources said.
Minister of State for Home Kiren Rijiju confirmed the government’s position. "Terror financing has come to a halt since November 8," he said.
The bigger achievement of the demonetisation is that Fake Indian Currency Notes (FICN) have been eradicated. At any given point of time, there is Rs 400 crore worth of FICN being pumped into the country, he said. "Since November 8, not a single instance of FICN smuggling has been reported from Pakistan, Nepal or Bangladesh border," he added.
Government had announced demonetisation Rs 500 and 1000 notes on the night of November 8. Agencies had seized FICN worth Rs 42.90 crore in 2013, Rs 36.11cr in 2014, Rs 34.99 cr in 2015 and Rs 12.35 crore till June 2016.
On the question of black money, however, no official estimate exists. IB had assessed black money in circulation to be anything between Rs 15,000 crores and 40,000 crores. But the range is too high to be counted as an official estimate, a source said.
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