Rs 2000 note comes with micro Nano GPS chip, to track exact location of currency

Mangalore Today News Network

New Delhi, Nov 09, 2016: In what could be a major blow to black money hoarders, the new Rs 2000 note that was unveiled by the Reserve Bank of India on Tuesday comes with a micro Nano GPS chip that can help track the exact location of the note via a satellite.

With the Prime Minister Narendra Modi scrapping the Rs 500, Rs 1000 notes on Tuesday in a move to fight against black money, the RBI unveiled the new Rs 500 and Rs 2000 notes to replace them.

Now, the interesting thing is, as per reports, the new Rs 2000 notes are embedded with a micro Nano GPS chip which will help locate the position of the currency via a satellite.

The first of its kind and definitely a major blow to black money hoarders, the GSP chip will act as a tracker and help locate the exact location of the currency via a satellite.

According to reports, the chip has been fitted in such a way that it can detect Rs 2000 notes even from 120 meters below the ground.

Reports furhter states that if one tries to tamper the nano GPS chip, the Rs 2000 will become damaged and unusable.

So, with the new Rs 2000 note with the GPS chip help in the fight against black money? Only time can tell.