It only acts as a signal reflector.

The satellite can identify the exact amount of money stored at a certain location.

Firstly, there is nothing called nano GPS.

?2,000 note won’t have nano GPS or RFID for tracking

But, the RBIs chart does not mention any chip or GPS tracking in it.

Heres what RBI has actually said about the ?2000 note.

Source:NDTV

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source: www.techworm.net