RISING COUNTERFEIT INDIAN CURRENCY THREATENS TO UNSETTLE ECONOMY
EASTERN INDIA IS A KEY ENTRY POINT OF FAKE NOTES FROM BANGLADESH, PAKISTAN
2024-12-02 12:04
-
It is a matter of grave concern that counterfeit Rs 500 notes from the Mahatma Gandhi (new) series have nearly quadrupled between 2018-19 and 2023-24. And, the detection of counterfeit Rs 2,000 notes has tripled since 2020-21. The Rs 2,000 notes continue to remain legal tender and can be exchanged at RBI offices. According to the latest Reserve Bank of India report, 98 percent of the Rs 2,000 denomination notes have been returned since its May 2023 move to withdraw the currency notes.