๐งต | MUST READ ๐ | #2000Note | [1/9]
Now, as RBI has decided to withdraw Rs 2000 currency note from circulation, Leftists (via WhatsApp) has started calling Demonetization as failure, but that's not the case.
A thread with full information about it. ๐
Now, as RBI has decided to withdraw Rs 2000 currency note from circulation, Leftists (via WhatsApp) has started calling Demonetization as failure, but that's not the case.
A thread with full information about it. ๐
![๐งต | MUST READ ๐ | #2000Note | [1/9]
Now, as RBI has decided to withdraw Rs 2000 currency note from...](https://pbs.twimg.com/media/FwfvfGKWcAEWwmk.jpg)
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Rs 2000 note was primarily introduced to meet the currency requirement after the withdrawal of legal tender status of all Rs 500 & 1000 notes in circulation at that time.
The objective was met and hence printing of 2000 banknotes was stopped in 2018- 19. #2000note
Rs 2000 note was primarily introduced to meet the currency requirement after the withdrawal of legal tender status of all Rs 500 & 1000 notes in circulation at that time.
The objective was met and hence printing of 2000 banknotes was stopped in 2018- 19. #2000note
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Rs 2000 note was primarily introduced to meet the currency requirement after the withdrawal of...](https://pbs.twimg.com/media/FwfwOV2XsAUUl-N.png)
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The central bank said the objective of introducing Rs 2000 banknotes was met once banknotes in other denominations became available in adequate quantities. Therefore, printing of Rs 2000 banknotes was stopped in 2018-19, it said. #2000Note
The central bank said the objective of introducing Rs 2000 banknotes was met once banknotes in other denominations became available in adequate quantities. Therefore, printing of Rs 2000 banknotes was stopped in 2018-19, it said. #2000Note
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The central bank said the objective of introducing Rs 2000 banknotes was met once banknotes i...](https://pbs.twimg.com/media/Fwfx-jAXgAAW1Cs.png)
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Talking about current scenario.
It has also been observed that this denomination is not commonly used for transactions. Further, the stock of banknotes in other denominations continues to be adequate to meet the currency requirement of the public. #2000note
Talking about current scenario.
It has also been observed that this denomination is not commonly used for transactions. Further, the stock of banknotes in other denominations continues to be adequate to meet the currency requirement of the public. #2000note
![[4/9]
Talking about current scenario.
It has also been observed that this denomination is not commo...](https://pbs.twimg.com/media/Fwf0s0tXwAQCdpm.png)
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It should be noted that RBI had undertaken a similar withdrawal of notes in 2013-14. #2000Note
RBI decided to withdraw all currency notes issued prior to 2005, after March 2014 in a move apparently aimed at curbing black money and fake currencies.
It should be noted that RBI had undertaken a similar withdrawal of notes in 2013-14. #2000Note
RBI decided to withdraw all currency notes issued prior to 2005, after March 2014 in a move apparently aimed at curbing black money and fake currencies.
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It should be noted that RBI had undertaken a similar withdrawal of notes in 2013-14. #2000Note...](https://pbs.twimg.com/media/FwfyrRdX0AId57C.png)
[6/9] "After March 31, 2014, it (RBI) will completely withdraw from circulation all bank notes issued prior to 2005. From April 1, 2014, the public will be required to approach banks for exchanging these notes," the RBI said in a statement. #2000Note
![[6/9] "After March 31, 2014, it (RBI) will completely withdraw from circulation all bank notes issue...](https://pbs.twimg.com/media/FwfzUOtXwAEw9du.jpg)
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Starting from May 23, 2023, public may deposit Rs 2000 banknotes into their bank accounts and/or exchange them into banknotes of other denominations at any bank branch with limit of Rs 20,000 at a time. #2000note
Starting from May 23, 2023, public may deposit Rs 2000 banknotes into their bank accounts and/or exchange them into banknotes of other denominations at any bank branch with limit of Rs 20,000 at a time. #2000note
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Starting from May 23, 2023, public may deposit Rs 2000 banknotes into their bank accounts and/...](https://pbs.twimg.com/media/Fwf1biuXwAM9-ES.png)
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The central bank said that to complete the exercise in a time-bound manner and to provide adequate time to the members of public, all banks shall provide deposit and/or exchange facility for Rs 2000 banknotes until September 30, 2023. #2000Note
The central bank said that to complete the exercise in a time-bound manner and to provide adequate time to the members of public, all banks shall provide deposit and/or exchange facility for Rs 2000 banknotes until September 30, 2023. #2000Note
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The central bank said that to complete the exercise in a time-bound manner and to provide adeq...](https://pbs.twimg.com/media/Fwf1_-NWIAIG-J5.png)
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So the conclusion is, RBI decided to withdraw Rs 2000 notes because it's objective was met, and there's nothing like failure of Demonetization related to it.
Please share the thread ๐งต if you found it to be informative and if you want others to know about it. ๐
#2000note
So the conclusion is, RBI decided to withdraw Rs 2000 notes because it's objective was met, and there's nothing like failure of Demonetization related to it.
Please share the thread ๐งต if you found it to be informative and if you want others to know about it. ๐
#2000note
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