Gujarat tops in fake 500 and 2000 currency notes seized during 2016-19: Home ministry

According to the Data presented by the Home Ministry in the Parliament, most counterfeited 500/2000 currency notes were confiscated from Gujarat. During 2016-19, fake notes of Rs.2,000 and Rs.500 worth Rs.11.4 crores and Rs.74.38 lakhs were seized, the highest among the Indian states. Reportedly, the ruling government in 2016 announced demonetization to curb fake currency circulation, but the confiscated amount exceeded as expected.