RBI Dismisses Rumors of GPS-empowered Rs 2,000 Notes

The RBI has expelled as “inventions of creative ability” gossipy tidbits that another arrangement of Rs 2,000 will accompany a GPS-chip that will help government track illicit cash exchanges.

Such a does not exist right now on the planet, and then in what manner would we be able to present such an element?” RBI representative Aplana Killawala told News18.


She said that the RBI site had point by point the security elements of the new note and that there was nothing else other than what has been formally said, particularly any perhaps of a GPS-empowered chip.

Reports of a chip-empowered arrangement of new money notes had surfaced quickly after Prime Minister Narendra Modi declared on Tuesday that the legislature was scrapping the current divisions of Rs 1000 and Rs 500 coin notes.



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