Tagged: Indian Currency

India’s new GPS chip enabled INR 2000 currency bill can be tracked via satellite?

GPS Chip in Rs. 2000 note

Indian economy as well social sphere is in chaos as the Indian Government decided to suddenly demonetize INR 500 and INR 5000 to crack down culprits responsible for stacking the old bills as black money. In India, where 80 percent transactions including most of small commercial industry are done through cash and major population doesn’t even have bank accounts, it was a setback for public in general. However, that’s the less interesting part.

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