Indian Currency: Today there are many notes in the market which are fake and most of us do not recognize them, but RBI has given the best way to identify fake notes. let’s know
The government’s intention behind demonetisation was to eliminate counterfeit notes from the market, on which the Supreme Court has given its verdict today. The court has dismissed all 58 petitions challenging the demonetisation move by the Modi government at the Centre. The apex court has upheld the central government’s 2016 decision to demonetise Rs 500 and Rs 1,000 notes.
What did the court say?
The Supreme Court says that there was a consultation between the Center and the RBI before demonetisation. We hold that demonetisation was not affected by the principle of proportionality. That is, the government did not take this decision to show its power, but after deliberations.
A 5-judge constitutional bench headed by Justice Abdul Nazeer had reserved its verdict on December 7 after hearing arguments of the government and the petitioners for five days. Let us tell you that on November 8, 2016, the central government had suddenly demonetized the country. Under this, 1000 and 500 rupee notes were taken out of circulation. After this decision, the whole country had to stand in long queues to exchange the notes.
These are the ways to identify fake notes
The purpose with which the government did demonetisation. He did not get complete success in that. Fake notes are still circulating in the market. In such a situation, it becomes very important to recognize them as a common citizen. The Reserve Bank has issued some guidelines to recognize the new 500 note.
Let me tell you, a few days ago a message was being claimed that the note of ₹ 500 is fake, in which the green strip is not near the signature of the RBI governor, but near the picture of Gandhiji. Describing it as fake, PIB tweeted that both types of notes are valid.
The bank notes bearing the picture of Mahatma Gandhi bear the signature of the Governor of the Reserve Bank of India. The red fort photo is printed on the back side of the note, which shows the cultural heritage of the country. The base color of HTE Note is Stone Grey. The note also has other designs and geometric patterns.”