Notebandi Effects Number Of 2000 Currency Notes In Counterfeit Currency In The Country

Notebandi Effects Number Of 2000 Currency Notes In Counterfeit Currency In The Country-The central government implemented demonetization on 8 November 2016 within the country. Under which 500-1000 notes were discontinued, its purpose was to prevent the black money circulating within the country and therefore the currency of faux currency.

But the newest figures of NCRB are telling the reality to the contrary. When 2000 notes were brought after demonetization within the country, it had been believed that this is able to be the solution to fake currency and black money, but this doesn’t appear to be happening.

Notebandi Effects Number Of 2000 Currency Notes In Counterfeit Currency In The Country

These claims are figures released by the National Crime Records Bureau. during which it’s been told that the very best number of faux notes being seized within the country is of 2000 notes, which raises many questions.

According to a report published on English newspaper The Hindu, the info gathered from all states and union territories stated that the very best number of counterfeit notes were seized in 2018 as compared to 2018.

According to NCRB, a complete of 25.39 crore rupees fake Indian currency was seized within the country in 2019. Whereas in 2018 this figure was only 17.95 crores. consistent with government data, in 2019 a complete of 90566 fake notes of 2000 were seized. Most of them were from Karnataka, Gujarat and West Bengal .

Notebandi Effects Number Of 2000 Currency Notes In Counterfeit Currency In The Country

Let us tell you that on 8 November 2016, the central government implemented demonetization within the country. Under which 500-1000 notes were discontinued, its purpose was to prevent the black money circulating within the country and therefore the currency of faux currency. But now after four years, once the image is seen revolving and coming there.

Earlier, the Federal Reserve Bank of India has said in its report that it’s not printed 2000 new notes within the 2019-20 fiscal year . Even within the country 2000 notes are now in low circulation, despite this an outsized number of faux notes are being seized. aside from the 2000 note, last year quite 71 thousand hundred hundred fake notes were seized. Most of which were from Delhi, Gujarat and UP.

In the year 2019, the NIA, which campaigned against black money and faux currency within the country, had registered a complete of 14 cases associated with this case. During this point , around 14 thousand notes of 2000 were found. Explain that to stop fake currency, NIA has formed a special unit.

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