1 yr of Notebandi: When Rs 2000 note began losing colour

New Delhi, Nov 4: On 8 November, Prime Minister Narendra Modi announced the biggest-ever demonetisation exercise India has ever witnessed by suddently withdrawing Rs 500 and Rs 1,000 notes from circulation in order to check black money, terror funding and corruption.  The PM said there are certain exemptions for the first 72 hours, including permission to use old currency in government hospitals, for buying fuel, medicines, train tickets, airline tickets, in government buses and for paying utility bills. 

However, when the new Rs 2000 currency launched, the colour of the note took everyone by surprise. The note was losing colour and everyone thought there is some problem with the currency. 

According to reports, it turned out the new notes are supposed to bleed colour when washed or rubbed and that is actually proof of the authenticity of the notes. If the note loses no colour at all, it could be fake.

During a press conference, Economic Affairs Secretary Shaktikanta Das said: "The new currency notes, just as the old ones, will lose colour if rubbed with a piece of cloth wet because that's the nature of the dye used. If your note does not lose colour, it's one of the signs that it may be fake."

So what about all those videos that show notes surviving a washing and looking as good as new? Well, don't trust everything you see on the Internet.

A simple search on YouTube will show you several other videos which prove the notes do, in fact, lose colour when dipped in water.