Business
Jaitley dispels rumours of 'GPS chip' in Rs 2,000 note
New Delhi, Nov 9
Finance Minister Arun Jaitley on Wednesday dispelled rumours of the Rs 2,000 note having a 'micro nano GSP chip' to enable its tracking through satellite.
"From where did you come to know this? I haven't 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 here a day after the government, in a surprise move, demonetised Rs 500 and Rs 1,000 currency notes.
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