Govt denies Indian currency being printed in China

On Monday, AAP spokesperson Raghav Chadha had asked the Prime Minister as to why the government did not publicly disclose that a Chinese government-led company has been printing the Indian currency.

As a political controversy kicked in over a report saying that India is among the countries which get their currencies printed in China, former Chairman of Public Accounts Committee K V Thomas on Tuesday wrote to Prime Minister Narendra Modi calling the issue “alarming”.

The government was quick to deny it, though a day after Aam Aadmi Party held a press conference and posed five questions to the government on the issue.  

“Reports about any Chinese currency printing corporation getting any orders for printing Indian currency notes are totally baseless. Indian currency notes are being and will be printed only in Indian Government and RBI currency presses,” Secretary, Department of Economic Affairs in the Ministry of Finance, Subash Chandra Garg said on Twitter.

On Monday, AAP spokesperson Raghav Chadha had asked the Prime Minister as to why the government did not publicly disclose that a Chinese government-led company has been printing the Indian currency.

In the letter to PM, senior Congress leader Thomas, who had chaired the PAC which examined the demonetisation issue said, “There is an alarming news that Indian currency is being printed by a Chinese company.”

He said if it was true, it is contrary to what the Prime Minister had argued when he had announced demonetisation in November 2016. The PM had said demonetisation was to prevent fake currency as well as block the financial assistance given by Pakistan to terrorists. He asked the PM to "explain".

Congress leader Shashi Tharoor tweeted “If true, this has disturbing national security implications. Not to mention making it easier for Pak to counterfeit. @PiyushGoyal @arunjaitley please clarify!”

A Chinese daily published a report quoting the President of the China Banknote Printing and Minting Corporation, Liu Guisheng as saying that his company has "successfully won contracts for currency production projects in a number of countries including Thailand, Bangladesh, Sri Lanka, Malaysia, India, Brazil and Poland."

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Govt denies Indian currency being printed in China

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