Is this new Rs2,000 banknote from RBI? Twitterati seems to think so

Leaked photos or a hoax?

By: Trends Desk | New Delhi | Updated: November 6, 2016 4:39 pm
rs 2000 note, rs 2000 rbi note, new banknote, new 2000 banknote, rs 2000 note real or hoax, rs 2000 note photos leaked, rs 2000 note rbi, indian express, indian express news Twitterati seem to be enthusiastically sharing the pictures of these pink Rs 2,000 banknotes online. (Source: Twitter)

Twitter is abuzz with images of several bundles of pink-and-white notes posing as the new Rs 2,000 denomination that the Reserve Bank of India reportedly intends to release into circulation soon. According to an October report, RBI has already completed preparations for introducing this high-value note into the Indian market soon.

Though indianexpress.com could not independently verify if the photos doing the rounds on social media are, in fact, leaked photos of the actual notes or a hoax, Twitterati seems to be enthusiastically sharing the pictures on the micro-blogging site.

The news follows a The Hindu Businessline article, dated October 21, which said the notes have already been printed at the currency printing press in Mysuru and they were already being dispatched. Nevertheless, there has been no official diktat from either the government or RBI regarding the issuing of any such banknote denomination.

So far, the highest denomination of note printed by RBI has been the Rs 10,000 note way back in 1938 and then in 1954. Currently, the highest denomination under circulation is Rs 1,000. Though, there has been a demand from certain quarters that both Rs 1,000 and Rs 500 denominations of banknotes be demonetised in order to prevent hoarding of black money.

For today, there seems to be much excitement in the World Wide Web regarding the possibility of a Rs 2,000 banknote coming soon. Check out some of the tweets:

 

What do you make of these tweets? What do you think will be the impact on the Indian economy, should such a Rs 2,000 denomination be introduced? Tell us in the comments below.

 

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  1. A
    Ali abbas
    Nov 8, 2016 at 3:31 pm
    I really appreciate Mr Modiji for this introduction,black money transactions will be blocked.
    Reply
    1. M
      Manan Sheth
      Nov 8, 2016 at 8:02 am
      SandT update:lt;br/gt;lt;br/gt;The big step to end black money in the country -this will follow with removal of 1000 rupee note lt;br/gt;lt;br/gt;Read carefully lt;br/gt;lt;br/gt;*RBI to issue ₹20v00 Rupees Notes coming February 2017*lt;br/gt;lt;br/gt;*Not just a piece of paper There is much more in this note Read the full content of this message*lt;br/gt;lt;br/gt;India is all set to add one more denomination to its currencies shortly. The Reserve Bank of India (RBI) will be issuing Rs 2,000 currency notes, the highest to come into circulation, even as some experts feel7 high-value denominations should be discontinued to curb black money.lt;br/gt;lt;br/gt;The Rs 2000 currency is designed keeping in mind to eradicate the black money issues using state of the art indigenous nano technology, every Rs. 2000 currency note is embedded with a *NGC (Nano GPS Chip)*lt;br/gt;lt;br/gt;*How the embeded NGC Technology Works?*lt;br/gt;The unique feature of the NGC is it dosent need any power source. It only acts as a signal reflector. When a Satellite sends a signal requesting location the NGC reflects back the signal from the location, giving precise location coordinates, and the serial number of the currency back to the satellite, this way every NGC embedded currency can be easily tracked and located even if it is kept 120 meters below ground level. The NGC cant be tampered with or removed without damaging the currency notelt;br/gt;lt;br/gt;*How will this help eradicate black money menace?*lt;br/gt;Since every NGC embeded currency can be tracked. The satellite can identify the exact amount of money stored at a certain location. If a relatively high concentration of currency is found a certain location for a longer period of time at suious locations other than banks and other financial insutions. The information will be ped on to the Income Tax Department for further investigation
      Reply
      1. S
        sriram
        Nov 6, 2016 at 7:42 pm
        Wrong Doing by the Govt. as this would help Black Money Transaction, also it means our currency is being devalued in the global market, only when rupee depreciates does the govt start to circulate higher value rupee notes. Bad Sign if this is true for our economy
        Reply
        1. S
          S.Vaidyanathan
          Nov 7, 2016 at 8:45 am
          Govt./ RBI Should not issue ₹2000/- denomination notes. This clearly shows that Govt. Is not serious about tackling issue of black money fact they demonetise ₹ 1000/ and ₹ 500/- immediately before forthcoming election Common manvis not going to keep ₹2000/- notes. It will only help black money holders. In India all political parties are dependent on black money for funding their election expenses. So no wonder any political party coming into power are only posturing.
          Reply
          1. A
            Anil Chauhan
            Nov 6, 2016 at 2:58 pm
            RBI should not release Rs.2000/- Note as this will increase black money. Infact Rs. 1000 note currency should also ban in our country.
            Reply
            1. 철이 나
              Nov 8, 2016 at 7:10 pm
              Haha without new note release forcely made stop use cash. Great work. This is most stupidity job ever seen. Fight black money..? Its good. But this act? Stupid. Think about other people who doesnt have bank account right away.
              Reply
              1. A
                agg
                Nov 7, 2016 at 6:06 am
                These notes would be embedded with a NGC (Nano GPS Chip). it would be easy for the government to track these notes though satellite resulting in curbing black money.
                Reply
                1. B
                  Bryan Alex
                  Dec 12, 2016 at 8:53 am
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