Author Topic: Rs. 2000 Notes Into Circulation Soon!  (Read 59 times)

Offline Pa1Kalyan

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Rs. 2000 Notes Into Circulation Soon!
« on: October 24, 2016, 02:46:05 PM »
The Reserve Bank Of India is all set to release brand new Rs. 2000 notes and the denomination would soon come into circulation. According to news from top business reports, notes have already been printed at Mysuru printing press and will soon be dispatched to various locations.

When a section of Indian public are demanding for abolition and withdrawal of Rs.1000 and Rs. 100 notes to curtail the black currency flow in Indian economy, the move from RBI to introduced highest valued denomination can prove controversial and debatable.

A matter of fact finding available from data analysis states that Rs. 500 and Rs.1000 notes together account for 86.4 per cent of total money value circulated in India. Entry of Rs. 2000 notes can make even Rs. 500 notes valueless. For information purpose, the highest denomination printed by RBI till date is Rs. 10,000 in 1938, 1954 but were demonetized very soon in 1946, 1978 respectively.

source:cinejosh.com

Offline Pa1Kalyan

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Rs. 2000 Notes Into Circulation Soon!
« Reply #1 on: November 09, 2016, 03:18:54 PM »
15 Lakh Crores To Go Worthless!

Narendra Modi’s surgical strike on black currency by demonetizing Rs. 1,000, 500 notes and issuing new Rs. 2,000, 500 bank notes isn’t going to be an easy task for Banks and Government. As per a report, this would leave around Rs .15 Lakh Crore go worthless.

There are 16.5 billion Rs. 500 notes and 6.7 billion Rs. 1,000 notes printed by Rbi are in the market circulation. Scrapping all these and bringing new notes within 50 days time will be a tedious and impossible task. Much to surprise, 40 percent of these notes came into usage in between 2011 and 2016 with Rs. 500 denomination roused by 76 per cent and Rs. 1, 000 denomination notes increased by 109 per cent in this period.

During this infusion of new Rs.2, 000 notes into market monitored and regulated by Rbi, early estimates say that 15 Lakh Crores may go useless. Apart from India’s Black turning into White, there will be heavy draining in parallel.

source:cinejosh.com

Offline Pa1Kalyan

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Rs. 2000 Notes Into Circulation Soon!
« Reply #2 on: November 09, 2016, 03:21:07 PM »
Fake News On 2000 Note Nano Chip!

Is the newly releasing Rs. 2000 currency note embedded with a Nano GPS Chip (NGC)? While some sections of media are highly promoting this unique feature of NGC doesn’t need any power source and acts as a signal reflector when receives signal from satellite giving precise coordinates and the serial number of currency back to satellite, other technocrats are calling this as a foolish talk.

Of course, NGC can be a technique to track the black money stored in any location within the world but when such technology hasn’t come to use in advanced countries, who and when designed it for India is the question?

Moreover, the RBI website hasn’t left any clue on NGC describing the salient features of Rs. 2000 Note. It simply says about, denominational numeral २००० in Devnagari, portrait of Mahatma Gandhi at the centre, Denominational numeral with Rupee Symbol 2000 in colour changing ink (green to blue) on bottom right, For visually impaired Intaglio or raised printing of Mahatma Gandhi portrait, Ashoka Pillar emblem, bleed lines and identity mark, Seven angular bleed lines on left and right side in raised print, Windowed security thread with inscriptions changing from green to blue when the note is tilted, Swach Bharat logo and Magalyan motif. Nowhere, RBI mentioned about Nano chip.

source:cinejosh.com

 

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