Effect of Demonetization on Fake Currency notes in India

History Of India

Currency and counterfeiting are two different aspects of every economy. Right from the times when currency was invented, there are stories which tell you how fake currency was produced and circulated in any part of the world. This is probably because of the fact that humans are always looking at ways to make some quick money and become rich. Just like every other currency notes, currency notes in India are also counterfeited for different purposes. With the advent of technology, making fake Indian notes has become even easier. Back in early days currency notes in India did not have the same kind of security features that are found on the current Indian notes today.


One of the major reasons why Prime Minister Narendra Modi decided to go with demonetization was the rising number of fake currency notes in India that were circulated. During his speech on 8th November, he…

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