FAKE CURRENCY

Aug. 31, 2022

Nearly 60% of all fake notes seized in 2021 were of ₹2,000 denomination, the Crime in India 2021 report compiled by the National Crime Records Bureau (NCRB) shows.

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Of the fake Indian currency notes with a face value of ₹20.39 crore seized in 2021, ₹12.18 crore was in the denomination of ₹2,000.
The new ₹2,000 and ₹500 currency notes were introduced in 2016 after the old ₹500 and ₹1,000 notes were scrapped by the Union government. The government had said that curbing of fake notes was one of the primary objectives of the 2016 demonetisation exercise.
Post-2016, there has been an increase in seizure of fake money, the NCRB data reveal.
The highest recovery of fake ₹2,000 notes was made in Tamil Nadu (₹5 crore), followed by Kerala (₹1.8 crore) and Andhra Pradesh (₹1 crore).

Source : The Hindu