Will the change of currency leads to more black money


We all know that the Reserve Bank of India (RBI) has released a new 2000 RS/- currency notes, as the 500 and 1000 rupee notes are banned by the government. Till now 1000/- rupee notes are the highest value currency notes in India but from now the new 2000/- notes would be the highest value currency notes in India. These currency notes are being printed in Currency printing press at Mysore.

But according to the business analysts, the release of this latest currency value will cause certain problems. They also stated that the Black money will increase rapidly with these 2000/- notes because in this currency value more black money can be stored in less space. Before the amount which is stored in two bags now it can be stored in one bag itself. This action by the government will bring both positive and negative results.

There is no use for the common people if the black money goes from one pocket to another pocket. The government should bring the real black money which is stored in the foreign banks.

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