The RBI is perplexed with the huge amount of circulation of fake currency notes. The newspapers yesterday carried a story that RBI intends to involve students after the board exams. I wonder was has happened to even to those pea-sized brains. What would the poor students do? All that the RBI needs to do is to demonetize all currency notes above Rs.100. If you need to do a bigger transaction do it via banking channels. It’s safer and convenient provided the money is not ill-gotten. Counterfeiting technologies would become so cheap in the future that one would be able to print a $1000 bill for $1.
Somebody needs to tell the government that they need to give anti-corruption classes to students. Catch them young and tell them that ill-gotten money only gets to rotten in Swiss banks. You can’t even use it buy a house in your name. Once the need for paper money is finished, fake currency notes would be finished, and the poor students won’t have to take lessons from RBI. Hope somebody is listening.