The total value of Rs 2,000 banknotes dropped drastically from Rs 3.56 lakh crore in May 2023 to just Rs 7,961 crore by April 30, 2024, indicating a substantial decline, according to RBI statements.
RBI withdraws Rs 2,000 note: Rs 2,000 denomination banknote was introduced in Nov 2016, primarily to meet the currency requirement of economy in an expeditious manner after the withdrawal of the legal tender status of all Rs 500 and Rs 1000 banknotes in circulation at that time.
While the common man is struggling with cash crunch following the government’s revolutionary demonetisation move, some unscrupulous elements are busy finding bizarre methods to convert their black money into ‘legal tenders’.
Mumbai, June 29 : The 25 paise coin, which has been fading out of the pocket change in the recent years because of low acceptability, will finally become history from tomorrow. The coin, along with
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