ThinkLogically
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As far as I know the new Rs. 500 and 1000 notes will have RFID chips in them. They do not need any power as they will only reflect waves.Still not able to understand, how newer 500 and bigger 2000rs notes will not lead toward same situation after some time.Idea would have made more sense if all tenders above 100rs would have been scraped as its not econominally viable to fake any currency below 100rs, can someone throw some light into it .
The RFIDs can be activated from greater distances. So if a person is stocking a lot new currencies the notes can be spotted with tracker devices without having to enter the homes of hoarders. Hopefully this acts as a deterrent to hoard cash in the new currencies.