Jaitley dispelled rumors of Rs. 2,000 note with 'GPS chip'

New Delhi, Nov 10: Finance Minister Arun Jaitley on Wednesday dispelled rumours of the Rs 2,000 note having a 'micro nano GPS chip' to enable its tracking through satellite.

"From where did you come to know this? I haven't heard of it," Jaitley said when asked if the Rs 2,000 currency note, being issued by the government, had a chip to enable its satellite tracking.

According to the rumours doing rounds on the social media, the currency note carries a chip that makes it detectable when a pile is kept together, and it can be also tracked via satellite.

Jaitley was talking to reporters here a day after the government, in a surprise move, demonetised Rs 500 and Rs 1,000 currency notes.