Is the fake currency kept in your purse?

Is the fake currency kept in your purse? More than 2 lakh fake notes caught in 1 year

Fake notes are continuously hurting the country’s economy. According to the latest RBI report, more than 2 lakh fake notes have been recovered in the last financial year. The biggest number in this is 100 rupee notes. More than half of the notes held in 2020–21 are 100 rupee notes. After this, notes of 500 and 50 have been caught the most.

According to the latest report of the Reserve Bank of India, 208625 counterfeit notes have been caught in the year 2020-21. Among the counterfeit notes caught, the maximum number of 100 notes, 110736 notes have been caught. Although fewer counterfeit notes are being caught than in previous years, but the catch of fake notes of 500 rupees has increased.

Whose fake notes

Is the fake currency kept in your purse?  More than 2 lakh fake notes caught in 1 year

Image Source: INDIATV

Is the fake currency kept in your purse? More than 2 lakh fake notes caught in 1 year

Number of fake notes is continuously decreasing

Significantly, the grip of fake notes is steadily decreasing in the country. While 317384 notes were caught in the country in 2018–19, the number decreased to 296695 in 2019–20. This year the number has come down to 208625.

1000 fake currency in circulation

The shocking thing is that 1000 rupee notes have stopped but their fake notes are also being caught. Last year, 2 notes of 1000 rupees have been caught. At the same time, 717 notes of 1000 were captured in 2018–19 and 72 notes in 2019–20.

The biggest threat on the 2000 note

In fact, due to being a big note, there is a greater possibility of 2000 rupee note entering the currency market, probably because of this, the government has stopped the supply of 2000 rupee notes in the market. According to the Reserve Bank’s report, during the financial year 2020-21, 8798 counterfeit notes of 2000 rupees have been caught, which cost about twenty five million rupees. 17020 during 2019-20 and 21847 counterfeit 2000 rupee notes were caught during 2018-19, because the government has stopped supplying them for 2 years, so fake 2000 rupee notes can be caught in lesser quantity than before. Have been.

2000 note printing stopped

The government is gradually reducing 2000 notes from the system and perhaps this is the reason that not a single note of 2000 rupees has been supplied by the government during the entire financial year ie April 2020 to March 2021. This information is given in the report of Reserve Bank of India for the financial year 2020-21. The government has stopped the supply of 2000 rupee notes for almost two years. In the financial year 2019-20 also, 2000 rupee note was not supplied.

Supply of maximum 500 notes

According to the Reserve Bank report, during the financial year 2020-21, the government has supplied the highest 500 rupee notes and currently 500 rupee notes are the highest in circulation. 1156.72 crore notes of 500 rupees have been supplied in 2020-21. Apart from this, 151.06 crores for 200 rupees, 372.70 crores rupees 100 rupees, 138.87 crores rupees 50 rupees, 385.20 crores rupees 20 rupees and 28.46 crores rupees 10 have been supplied in the market.

Supply of 10 and 20 coins more

If we talk about coins, during the financial year 2020-21, the supply of 5 rupees and 2 rupee coins has decreased while the supply of 10 rupees and 20 rupee coins has increased. 50.61 crores of 20 rupees and 58.52 crores coins of 10 rupees have been supplied during 2020-21.

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