Indian Rupee’s relentless fall against the US Dollar has claimed yet another victim. Pakistan based printing presses, which were earlier printing fake 500 and 1000 rupee Indian notes, have decided to stop printing the 500 denomination due to rising costs.
These currency notes were used by Pakistani government to fund terror in India. “The weakening of the Indian Rupee against the Dollar means it’s no longer financially viable for us to print 500 rupee notes,” said Yasin Anwar, governor of the State Bank of Pakistan.
“A few years back, an INR 500 note was worth US$12.5, but now its value is just $8.5. At the same time, costs have gone up because of rising paper costs, rising HR costs as employees, fearing terror attacks, leave Pakistan as soon as they save some money, and general inflation,” Yasin explained.
“The rate at which it is falling, I wouldn’t be surprised if the 1000 rupee note also becomes unviable soon,” he told. “If we just wanted to print another worthless paper currency, we could have printed the Zimbabwe Dollar, or even the Pakistani Rupee!” he added in obvious frustration.
“Please, please, stop this fall,” was his desperate and passionate appeal to the Indian Finance Ministry. “Weakening of their currency against the dollar is a diabolical plot by the Indians,” said Hafiz Saeed, mastermind of the 26/11 terror attacks and head of Lashkar-e-Taiba, “This just shows that these evil hateful Indians will go to any length to hurt the economy of Pakistan.”
“You look like a RAW agent!” he angrily told this Faking News reporter, when he tried to quiz him on why Pakistan was printing Indian currency.
Meanwhile back in India, current Finance Minister and the erstwhile Home Minister P Chidambaram claims that this was a well thought out plan to defeat terror.
“Furthermore, you don’t have to double check every 500 rupee to ensure that it is not a counterfeit currency. And even if it turns out to be fake note, you don’t lose as much as you were losing earlier!” Chidu further elaborated the benefits of the falling rupee.
Prime Minister Manmohan Singh was unavailable for comment.
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