Vicky Nanjappa

Journalism for VertebratesĀ®

Will The Withdrawal Of The Rs 2,000 Notes Have An Impact On The Fake Currency Industry?

The recent decision by the Reserve Bank of India to stop printing the Rs 2,000 note which was introduced post demonetisation has had mixed responses.

The RBI made it clear that the note would continue to be legal tender until September. The big question now is what this would do to the fake currency market, which had been printing the Rs 2,000 note and circulating in many parts of India. Fake currency has been a big draw for operatives in Pakistan and Bangladesh, which overseas the racket in India. In India, the main hub has been Malda in West Bengal, where the notes are printed and then circulated to various parts of the country.

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