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Forget about technical feasibility for a moment, people who are falling for this do not understand the basic concept of currency. The manufacturing cost of a no
by devnonymous 10y ago
Forget about technical feasibility for a moment, people who are falling for this do not understand the basic concept of currency. The manufacturing cost of a note cannot be higher than the face value of the note. Else the currency press would be in a loss for every note printed and eventually would need to be shut down (this has happened before).
This is the reason why low value notes eventually end up as coins which are cheaper to manufacture.
Embedding an electronic tracker into a Rs. 500 or even a Rs. 2000 note would cost more than those amounts unless the Indian Government decides to outsource the currency printing to some place like China!