No nano GPS chip in new Rs 2,000 note: FM

November 09, 2016 20:18

Finance Minister Arun Jaitley on Wednesday dispelled rumours of the Rs 2,000 note having a 'micro nano GPS chip' to enable its tracking through satellite.

"From where did you come to know this? I have not heard of it," Jaitley said when asked if the Rs 2,000 currency note, being issued by the government, had a chip to enable its satellite tracking.

According to the rumours doing rounds on the social media, the currency note carries a chip that makes it detectable when a pile is kept together, and it can be also tracked via satellite.

Jaitley was talking to reporters in New Delhi a day after the government, in a surprise move, demonetised Rs 500 and Rs 1,000 currency notes.

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