The Short Life of India's 2,000-Rupee Note – The Diplomat
Introduced when the 500- and 1,000-rupee notes were demonetized in 2016, the 2,000-rupee note has now been pulled out of circulation.
Source: thediplomat.com
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Introduced when the 500- and 1,000-rupee notes were demonetized in 2016, the 2,000-rupee note has now been pulled out of circulation.
India's "mini-demonetisation", via the withdrawal of 2000-rupee currency notes, has no monetary policy implications but may have political motivations, said Jefferies' Chris Wood.
The ban had rendered 86% of India’s currency invalid without warning, causing hardship to millions of ordinary Indians.