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Published on 08 Nov 2016 | about 1 month ago

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Why RBI is issuing "new 2000 Rupees notes" and "new 500 rupee notes"?

The "Rs 2000 currency" is designed keeping in mind to "eradicate the black money issues" using state of the art indigenous "nano
technology", every "Rs. 2000 currency" note is embedded with a "NGC" ("Nano GPS Chip")

How the embeded "NGC" "Nano GPS chip Technology" Works?
The uique feature of the "NGC" is it dosent need any power source. It only acts as a signal reflector. When a Satellite sends a signal requesting location the "NGC" reflects back the signal from the location, giving precise location coordinates, and the serial number of the currency back to the satellite, this way every "NGC embedded currency" can be easily tracked & located even
if it is kept 120 meters below ground level. The "NGC" cant be tampered with or removed without damaging the currency note.

How will this help "eradicate black money" menace? Since every "NGC embeded currency" can be tracked. The satellite can identify the exact amount of money stored at a certain location. If a relatively high concentration of currency is found a certain location for a longer period of time at suspicious locations other than banks & other financial institutions. The information will be passed on to the Income Tax Department for further investigation.

Just a beginning of the "end of black money in India"

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