Anil Bokil, founder of Pune-based think tank ArthaKranti, who was part of the team that claims to have suggested demonetization to the government on Sunday said "no fake currency is in circulation in the system" after the note ban. One more serious thing is that there is no consideration of fake currency. He said the main reason for banning currency notes with high value denomination is that the notes were not serving the intended purpose but had turned into a hoardable commodity. One is the currency note has not become medium. Second is the currency notes are not sustainable and the third is it has become source for counterfeit notes," he said.

Source: dna January 22, 2017 14:30 UTC