The government of India has demonetised the current Rs 500 and Rs 1000
notes, but it plans to replace these with new Rs 500 and Rs 2000 notes.
However, rumours are spreading about the upcoming Rs 2000 note, with messages
being circulated on WhatsApp which claim the new higher denomination currency
comes with a Nano-GPS chip installed on it.
The message
claims these notes are embedded with Nano-GPS chips which act as a signal
reflector, giving precise location coordinates of the currency in order to
allow every note to be tracked.
Apparently
the chip is so strong that one can track these Rs 2000 notes even if they are
kept 120 metres below the ground level, according to the message. It also
claims the chip will also help identify if too many of these notes are kept in
one place and alert the relevant authorities. Thus the government’s new note
will help curb corruption and discourage people from hoarding black money.
Except if you
read the message, you can figure out this is a hoax. Grammatical mistakes
aside, the RBI’s own description for the Rs 2000 note does not mention this
magnificent chip anywhere.
Also at the
press conference, this question was raised about the supposed GPS chip in these
Rs 2000 notes and the so-called security measures.
The RBI
officials had dismissed these as false. One of the messages which has been
shared with us reads like this. Note we’ve left the message as it, and not
edited it for grammar.
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 Technology Works?
The unique
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. WhatsApp was
where these messages were circulating, even before demonetisation was
officially announced by the government.
On Twitter
too, some tweets have been shared with these claims, although quite a few
people have been making jokes about the so called GPS claim.
The new Rs
2000 note does come with a motif of Mangalayan on the back, and it has special
features for the visually impaired as well.
But Nano-GPS
chip is nowhere close to the truth.
//copy// PALEGACY
