Rumours of GPS-enabled Rs 2,000 Notes “fake”

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The Reserve Bank of India has dismissed as “figments of imagination” rumors that a new series of Rs 2,000 will come with a GPS-chip that will help government track illegal money transactions.

Acording to News18 RBI spokesperson Aplana Killawala told them ““Such a technology does not exist at the moment in the world, then how can we introduce such a feature?”

She said that the RBI website had detailed the security features of the new note and that there was nothing else besides what has been officially said, especially any possibly of a GPS-enabled chip.

Reports of a chip-enabled series of new currency notes had surfaced immediately after Prime Minister Narendra Modi announced on Tuesday that the government was scrapping the existing denominations of Rs 500 and Rs 1000 currency notes.

source :- News18


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