But it turns out that just before
the move, the number of fake Rs 2,000 notes went down, while counterfeit Rs 500
notes went up by 14.4 per cent. As the quantity of counterfeit Rs 2,000 notes
in the Indian economy dropped to 9,806 units in FY23 from 13,604 in FY22, fake
Rs 500 notes went up to

Emonetisation and the
introduction of new Rs 2,000 notes was meant to curb the flow of black money,
but between 2016 and 2022, the number of fake currency of that denomination
surged by 107 per cent. After questions were raised on the implementation and
results of demonetisation year after year, Rs 2,000 notes are finally being
withdrawn from circulation.

But it turns out that just before the move, the
number of fake Rs 2,000 notes went down, while counterfeit Rs 500 notes went up
by 14.4 per cent.

Higher Rs 1,000 notes detected in
FY23, fake Rs 500 notes jump: RBI annual report.

1. Counterfeiting is an illegal
   activity, and the authorities make efforts to combat it. It is possible that in
   the year before cutoff, measures taken by law enforcement agencies
   and advancements in security features on the ₹2,000 notes may have contributed
   to a decrease in counterfeiting of these specific notes.
2. On the other hand, it’s important
   to note that counterfeiters tend to adapt their activities based on various
   factors such as detection techniques, penalties, and the profitability of
   counterfeiting different denominations. Therefore, it’s possible that
   counterfeiting of the ₹500 notes increased during that period.

To get the most accurate and
up-to-date information on counterfeiting trends in Indian currency,such as official reports, government publications,
or trusted news outlets that provide recent data on the subject.