Fake currency notes for sale in Market

On 8th of this month Prime Minister Modi took bold step to counter black and fake currency problem. But now side effects of the treatment are coming forward. Tarn Tarn police have claimed to arrest two youths with fake 2000 currency notes. Its a simple theory of economics, demand and supply equation, in the present scenario there is huge demand of currency in the country. Supply is far far lesser , thus bending the equation towards demand.

People all over India can be seen standing in long ques outside banks and ATM’s waiting for their turn. Some stood there for around four to five hours and returned home without cash. Day to day activities for the common man are completely halt as there is no cash to buy milk or bread. In this turmoil people are ready to pay extra money in the form of old currency to get new one.

Let’s forget about other cities, India’s most advance and very small city like chandigarh, is facing problem. People complained that common man is suffering because of ill planned implementation of currency demonetization.

Avtar singh SHO , Tarn Tarn informed that two out of three youths who prepared fake currency notes have been arrested by them. Printer and scanner used for scanning new note and getting new fake notes have also been recovered from them. Sandeep, Gurmilap and Harjinder are three accused as per police information. They planned to cash present turmoil and tried to sell fake printed notes.

Another interesting side effect of currency demonetization was seen in Chandigarh where Narinder Singh resident of sector 50, was forced to give up his hobby. Narinder singh is collecting currency notes with number ending as 786. He is having many 500 and 1000 notes in his collection but now he is forced to give up those notes.