Union Minister of State for Home Nityanand Rai told the Rajya Sabha on Wednesday that recovery of fake notes is not static as members questioned the objectives of the 2016 demonetisation exercise when it was said the security features in the new ₹2,000 notes could not be compromised.
Congress’s Shaktisinh Gohil said that after demonetisation it was said the circulation of fake notes will be completely stopped but there has been a progressive increase in seizure of such notes instead. He quoted the Minister’s written reply which said that in 2016, the number of fake ₹2,000 notes seized was 2,272, while in 2020 it increased to 2,44,834 pieces of notes.
