2015-16 : The Value of Fake Notes was Rs. 29.64 crore - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Saturday, December 03, 2016

2015-16 : The Value of Fake Notes was Rs. 29.64 crore

2015-16 : The Value of These Fake Notes in 2015-16 was Rs. 29.64 crore

Of the 90.26 billion Indian currency notes in circulation in 2015-16, no more than0.63 million–that is 0.0007%, or seven-millionths of 1%, seven in every million–were detected as fake, according to RBI data. The value of these fake notes in 2015-16 was Rs 29.64 crore, which is 0.0018% of the Rs 16.41 lakh crore currency in circulation.
  
Counterfeit Currency Detected, 2015-16
Denomination
Counterfeit Notes
Notes in Circulation
Counterfeit (%)
Counterfeit Value
Total Value
2,5
2
11,626 million
0
Rs 7
Rs 4,069.1 crore
10
134
32,015 million
0
Rs 1,340
Rs 32,015 crore
20
96
4,924 million
0
Rs 1,920
Rs 9,848 crore
50
6453
3,890 million
0.0000017
Rs 322,650
Rs 19,450 crore
100
221447
15,778 million
0.000014
Rs 2.21 crore
Rs 1,57,780 crore
500
261695
15,707 million
0.0000167
Rs 13.09 crore
Rs 7,85,350 crore
1000
143099
6,326 million
0.0000226
Rs 14.31 crore
Rs 6,32,600 crore


Source:  Reserve Bank of India
Note: Assuming number of Rs 2 and Rs 5 notes to be equal
2015-16 : The Value of Fake Notes was Rs. 29.64 crore Reviewed by S. Chitra on December 03, 2016 Rating: 5 2015-16 : The Value of These Fake Notes in 2015-16 was Rs. 29.64 crore Of the 90.26 billion Indian currency notes in circulation in 201...

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