RBI's announcement that it will withdraw Rs 2,000 notes triggered criticism from the Opposition leaders. Leading the attack against the Centre, Congress asked what about the promises made by the government in 2016 while releasing the note.
Reserve Bank of India asked people to exchange Rs 2,000 at banks by September 30, 2023. The facility for exchange of Rs 2,000 bank notes up to the limit of Rs 20,000 at a time.
Since this week, the presses are minting out Rs 500 and Rs 200 notes without a break to meet an estimated Rs 70,000 crore of currency shortfall in the country, he said.
The RBI today said it will issue Rs 200 denomination banknotes in the Mahatma Gandhi (New) Series on August 25.
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