2000 Rupees Note Has No GPS Tracking Chip, Arun Jaitley Said
Finance Minister Arun Jaitley on Wednesday confirmed that RBI's new Rs. 2000 note has no GPS tracking chip.
"From where did you come to know this? I haven't heard of it," Jaitley replied when asked by reporter. if the new Rs. 2,000 note issued by the Reserve Bank of India (RBI) has a chip to enable its tracking via satellites.
That's official confirmation for something we already told you on Wednesday, dispelling rumours floating on WhatsApp and other social media that RBI's new Rs. 2000 notes have a 'near-field GPS' or NGC chip that will be used to track these notes.
We explained how the technology that these new Rs. 2000 notes being issued by RBI are 'claimed' to have would be technically not feasible. This is what a popular WhatsApp forward being circulated claimed about the new Rs. 2000 currency