On the fifth anniversary of demonetisation, Congress criticised the Bharatiya Janata Party-led central government’s move to cancel the legal tender status of Rs 1,000 and Rs 500 denomination currency notes on November 8, 2016. In a series of tweets on November 8, Congress termed the step a “demo-disaster” and made several claims regarding its impact on various sectors of India’s economy.

The Centre had, at the time of demonetisation, said this move was aimed at flushing out black money, eliminating black Indian currency notes, striking at the root of financing of terrorism and left-wing extremism, converting non-formal economy to formal and boosting digitalisation.

Congress, on Twitter, highlighted all these promises one by one and disputed if the Centre has delivered on them. While the non-quantifiable claims made by the largest opposition party in the Lok Sabha cannot be verified, FactChecker checked two quantifiable claims against official records.

Claim 1

In 2017, 53.3% of seized counterfeit currency was Rs 2,000 notes. In 2018, 61.01% of seized counterfeit currency was Rs 2,000 notes.

This tweet has been archived here.


Misleading. According to National Crime Records Bureau’s data, in 2017, 3.55 lakh fake Indian currency notes were…

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