Ever since Notes of India worth rupees 500 and rupees 1000 have been
demonetised, there has been a lot of confusion. The reason why the decision to
suddenly withdraw these Currency Notes
of India was taken is not very clear to many. The main reason behind this
masterstroke is that a lot of counterfeit or fake notes have been circulating
in the country since several years. Another reason as stated by Honourable
Prime Minister of India Mr. Narendra Modi is that people have been hoarding
crores of black money in their homes and offices. There have been reports that
fake Notes of India are printed in
Pakistan and smuggled into the country via Bangladesh. These fake notes
currency Notes of India were being
used majorly by terrorist organizations for various purposes.
The
sudden announcement came as a shock to many. Notes of India worth crores of
rupees were turned into mere pieces of paper overnight. Yes, the common had to
suffer a lot after these Nurrency Notes
of India were banned. They had to stand in queues for several hours outside
banks and ATMs to get their money exchanged or withdraw cash. But slowly and
steadily the limits for withdrawing Currency Notes of India was raised within a few months.
There are some recent reports that the
latest 2000 notes of India have also been replicated. Some of it was seized
from various locations across the country. Earlier cases had colour photocopied
pieces, but later better counterfeits were confiscated. Citing that these
issued would continue, the government has decided to upgrade security features
of banknotes every three to four years.
Apart from that, there are other reports that new 200 rupees notes will
also be introduced soon. There are some rumours that the latest 2000 rupees
notes will be withdrawn again and new 1000 rupees notes will be released.
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