In November 2016, when the Narendra Modi government announced demonetization of Rs 500 and Rs 1,000 notes one of the aims of it was said to be a decisive battle against the fake currencies which were in circulation.

The newly introduced Rs 500 and Rs 2000 notes were said to have features that were impossible to fake. But almost three years after demonetization, the counterfeit menace is back.

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