Why is India withdrawing its 2000-rupee note?
The decision is reminiscent of a shock move in 2016 when the Modi-led govt had withdrawn 86% of the economy's currency
Source: tribune.com.pk
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What India's decision to scrap its Rs2,000 note means for its economy
The value of Rs2,000 notes in circulation is Rs3.62 trillion
Source: gulfnews.com
What India's decision to scrap its 2,000-rupee note means for its economy
MUMBAI: India will withdraw its highest denomination currency note from circulation, the central bank said on Friday (May 19). The 2,000-rupee note, introduced into circulation in 2016, will remain legal tender but citizens have been asked to deposit or exchange these notes by Sep 30, 2023. The decision is
Source: channelnewsasia.com
India's Move To Eliminate 2000-Rupee Note: Consequences For The Economy
The decision is reminiscent of a shock move in 2016 when the Narenda Modi-led government had withdrawn 86% of the economy's currency in circulation overnight.
Source: india.com
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Explainer: What India's decision to scrap its 2000-rupee note means for its economy
India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in 2016, will remain legal tender but citizens have been asked to deposit or exchange these notes by Sept. 30, 2023.
Source: reuters.com