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Wednesday, August 13, 2025
TopicCounterfeit currency

Topic: counterfeit currency

Demonetisation failure? Rs 500 & Rs 2,000 notes together make up 50% of counterfeit notes detected

Ministry of Finance informed Parliament govt implemented demonetisation to reduce incidence of fake notes. But counterfeiting of high value currency has risen sharply, fresh data shows.

Fake banknotes seized in India doubled after demonetisation, Gujarat topped list: NCRB

National Crime Records Bureau’s report for 2017 says new Rs 2,000 note, released after demonetisation, accounted for more than half the seized currency.

Central Information Commission wants data on Rs 2,000 & Rs 500 notes printed disclosed

The RBI subsidiary that prints currency notes had earlier claimed that the information cannot be shared with people because of several reasons.

RBI data reveals demonetisation was the epitome of whimsical, illogical policymaking

The government wanted demonetisation to combat three problems. None of them seem to have been solved. 

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