Nowadays, fake money circulation and black money are posing a major threat to the society. This problem can be solved using Radio Frequency Technology. Radio Frequency Identifier (RFID) tags is embedded into the paper currency to eradicate the menace of black money. RFID technology makes use of radio waves (which are low frequency electromagnetic waves) for tracking tags attached to objects (in this case - paper money). By embedding these RFID tags into the money, all information about location of each note is recorded which can then be used for tracking money. In this paper we propose an algorithm to track money and its transactions using GIS. © 2016, International Journal of Pharmacy and Technology. All rights reserved.