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[28] [29] RBI said that 2,000 bank notes continue to be legal tender. [30] On 1 March 2024, Reserve Bank of India informed that 97.62% of Rs 2,000 notes have been returned to the banking system, however Rs 2,000 notes worth Rs 8,470 crore are still in circulation with public, at the close of business on 29 February 2024.
It also announced the issuance of new ₹500 and ₹2,000 banknotes in exchange for the demonetised banknotes. [2] Prime Minister Narendra Modi said that this decision would curtail the shadow economy, increase cashless transactions and reduce the use of illicit and counterfeit cash to fund illegal activity and terrorism. [3] [4] [5]
The first banknotes issued in the New Series were the denominations of ₹ 500 and ₹ 2000, and are in circulation since 10 November 2016. While the ₹ 500 note is still being printed, the ₹ 2000 note was last issued date 2017. [1] [2] [3] The RBI announced on 18 August 2017 that it would soon issue a new ₹ 50 note. [4]
The bank notes were released to the public on 4 January 2020, marking the return of the national icon's image to the country's currency for the first time in thirty years. [ 38 ] On 18 June 2020, the Central Bank of Myanmar announced that it would begin circulating Ks. 500/- notes bearing the portrait of General Aung San on 19 July 2020, in ...
In today's puzzle, there are eight theme words to find (including the spangram). Hint: The first one can be found in the top-half of the board. Here are the first two letters for each word:
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[2] [weasel words] On 8 November 2016, Indian Prime Minister Narendra Modi announced that the hitherto existing 500 and 1000 rupee notes cease to be legal tender. He said that the move is taken to curb black money and widespread counterfeit currency in the country. He introduced new ₹500 and ₹2000 notes, and discontinued the existing ...
2016 saw the discontinuation of ₹500 and ₹1,000 notes due to the 2016 Indian bank note demonetisation and consequently the introduction of new a ₹500 note, and a ₹2,000 note- a first for the currency. Later on, new notes of old denominations viz. ₹10, ₹20, ₹50 and ₹100 were issued with old notes of the same value still being ...