(a) whether a sting operation conducted by a media house in Gujarat has revealed that black marketing
of new currency notes has taken place nearby Reserve Bank of India (RBI) establishment;
(b) if so, the details thereof; and
(c) the reaction of the Union Government thereto?
MINISTER OF THE STATE IN THE MINISTRY OF FINANCE (SHRI S.S. PALANIMANICKAM)
(a) to (c): RBI has informed that on April 13, 2010 ETV, Gujarati, a local TV News Channel, during their
evening news telecast, showed TV footages of an alleged sting operation of un-authorised money exchange
transactions at a place nearby Reserve Bank India, Main Office Building, Ahmedabad. However, the video
footage did not show actual exchange transactions taking place, it showed interviews with people reported
to be engaged in un¬authorised money exchange business. RBI has however taken several measures to ensure
adequate supply of fresh/ clean/good quality notes across the country.