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How many fake notes deposited in banks? Even RBI doesn't know!

Source: PTI
January 24, 2017 15:37 IST
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Earlier, RBI had refused to disclose information about consultation undertaken before the demonetisation move was announced by the prime minister on November 8.

There is no record available of the fake currency which has been detected in the demonetised notes deposited in banks, Reserve Bank of India has said.

Responding to an RTI inquiry from Mumbai-based activist Anil Galgali seeking to know the extent of fake currency found in demonetised notes of Rs 1,000 and Rs 500 deposited in banks till December 10, 2016, the RBI has said no information is available with it.

Earlier, RBI had refused to disclose information about consultation undertaken before the demonetisation move was announced by the prime minister on November 8.

Even the Prime Minister's Office had refused to disclose if the chief economic advisor and the finance minister were consulted before the decision was announced.

Photograph: Reuters

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