Claim: Government incurs a loss of Rs. 2600 crores because of scribbled notes as they have to be replaced with new notes.
Fact-check: No, the government does not incur a loss of Rs. 2600 crores due to scribbled notes. - FACTLY
Verdict: even assuming the rbi replaces the entire quantum of soiled notes, except for the years following the demonetization, the cost of printing these overall soiled notes was hovering around rs. 2700 crores. even in that case, the cost of printing scribbled notes would be much less as scribbled notes would just form a fraction of soiled notes. hence the claim made in the post is false.
Organisation: FACTLY
Author: Chaitanya
Date published: 2020-09-18T07:16:35