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Banking Central | Black money menace, rampant fake currency behind Rs 2,000 note recall

These notes have been used rampantly by the fake currency mafia eversince introduced. Besides, going by the data from the IT department, these notes have constituted a major chunk of the black money seized in recent years. Was this the reason the RBI chose to withdraw it at this point?
Nirmala Sitharaman Reserve Bank Finance Minister Nirmala Sitharaman Business Standard Rs2000 Note Withdrawal S2000 Currency Notes

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