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The most 2000 rupee notes recovered in the seized forgery notes, the questions raised on the claims of the government and the Reserve Bank

Saturday - January 18, 2020 11:26 am , Category : BUSINESS
Most forgery 2000 rupees currency seized after the demonetization
Most forgery 2000 rupees currency seized after the demonetization

'Skeptical' still continues on 2000 rupee notes

JAN 18 (WTN) - Demonetization in November 2016 was one of the biggest decisions in the Indian economy. After the demonetization, the Government of India had revoked the circulation of Rs 1000 and Rs 500 notes prevailing at that time. In his address to the nation, Prime Minister Narendra Modi himself said that demonetization would prove to be a very beneficial decision to crackdown on black money and corruption. After the demonetization, the Reserve Bank issued new notes of 500 rupees along with new notes of 2000 rupees. However, when the 2000 rupee note came in the market, it was claimed by the government and the Reserve Bank that the 2000 rupee note has so many security features that it is not easy to make a forgery note.
 
But the reality is revealed with time. For your information, let us know that the government's own figures are saying that it is not a difficult task to make fake notes of 500 and 2000 rupees. At the same time, there were claims about the 2000 rupee note that it is very difficult to copy, then for your information, let us know that only the fake 2000 rupee notes have been seized the most since the demonetization.
 
According to the new figures of NCRB (National Crime Records Bureau), after the demonetization, the maximum amount of 2000 rupee fake notes has been seized. Most of the counterfeit notes seized in 2017 and 2018 are of 2000 rupees. According to the NCRB data, in the year 2017, 53.3 percent of the total counterfeit notes seized and that were fake notes of Rs 2000. At the same time, in the year 2018, the percentage of counterfeit notes of 2000 rupees in seized cash notes increased to 61.01 percent.

That is the data released by the NCRB about the fake 2000 rupee notes clears that the claims of the government and the Reserve Bank are proving hollow, saying that it is very difficult to copy 2000 rupee notes. The NCRB report itself states that a total currency of Rs 46.6 crore was recovered in 2017 and 2018 after the demonetization, in which 56 percent of the currency notes were of Rs 2000. According to the data, the highest fake 2000 rupee notes have been found in the state of Gujarat since the demonetization. Let us know that a total of 34,680 counterfeit notes of 2000 rupees have been seized in Gujarat since the demonetization which is 26.28 percent of the fake 2000 rupee notes seized all over the country.

West Bengal, Tamil Nadu, and Uttar Pradesh have the highest number of seized fake currency notes of 2000 rupees after Gujarat. Talk about West Bengal, cash notes worth Rs 3.5 crores were recovered from here. As well as Rs 2.8 crores valued in 2000 rupees notes in Tamil Nadu and Rs 2.6 crores have been seized from Uttar Pradesh. According to the data, fake currency notes of Rs 2000 have been recovered from 27 states and union territories of the country. It is also being claimed that fake currency notes of 2000 rupees were found in the market only after 10 days of the demonetization. According to a report by a reputed newspaper, 44 fake notes of Rs 2000 were recovered from Mysore in Karnataka on November 18, 2016, 10 days after the demonetization.
 
Actually, 2000 rupees notes issued after the demonetization have always been in the headlines. Initially, it was being said about 2000 rupee notes that these notes have a chip so that the location of these notes can be found out. However, the rumor of the chip in the 2000 rupee note was later rejected by the Reserve Bank. At the same time, from time to time, there is a rumor about 2000 rupee notes that the government is thinking of withdrawing 2000 rupee notes form the circulation. However, this too was later rejected by the Reserve Bank. At the beginning of last year in the month of January, the government had clarified that 2000 rupee notes are 35 percent of the total number of notes currently in the circulation and those notes are not being left out of circulation in a phased manner.
 
Not only this, but there were also reports in the media quoting some RBI sources that in the year 2019, the Reserve Bank has not printed 2000 rupee notes. On the other hand, people have also noticed one fact that 2000 rupee notes are not withdrawing out of the ATM. By the way, is the government really prohibiting the printing of 2000 rupee notes? This is the question that is arising in everyone's mind. However, no matter how many claims the government and the Reserve Bank may make, there is still skepticism among people about 2000 rupee notes. It is to be hoped that the government and the Reserve Bank should clarify soon whether the printing of 2000 rupee notes is being stopped gradually in a phased manner.