The Congress leader posted a screenshot of a Rajya Sabha question reply by Minister of State for Finance Pankaj Chaudhary which stated that measures have resulted in a decrease in the number of pieces of denomination-wise counterfeit notes detected/reported in the banking system from 3,17,384 in the year 2018-19 to 2,22,639 in the year 2023-24.Ramesh also posted a media report, which cited data submitted to Parliament by the government to point out that the new series of the Rs 500 note and the Rs 2,000 note – both introduced after demonetisation in 2016 – together account for just over 50 per cent of the number of counterfeit currency notes that have been detected.On November 8, 2016, Prime Minister Narendra Modi had announced on national television his government’s decision to ban all currency notes of higher denomination of Rs 500 and Rs 1,000 from midnight on the same day.
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