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Before demonetisation (November 2016), there were banknotes worth ₹17.97 trillion in the market. The demonetised banknotes constituted 86.4% of it. [67] The banknotes in circulation had reached to the level before demonetisation in March 2018. [86] By March 2018, there were banknotes worth ₹18.03 trillion in the market; an increase of 9.9%.
Like the other Indian rupee banknotes, the ₹ 1000 banknote had its value written in 17 languages. On the obverse, the denomination was written in English and Hindi . On the reverse is a language panel which displayed the denomination of the note in 15 of the 22 official languages of India , displayed in alphabetical order.
The Mahatma Gandhi New Series of banknotes are issued by the Reserve Bank of India (RBI) as the legal tender of the Indian rupee (₹), intended to replace the Mahatma Gandhi Series of banknotes. Announced on 8 November 2016, it followed the demonetisation of ₹ 500 and ₹ 1000 banknotes of the original Mahatma Gandhi Series.
The body of the article does a somewhat decent job of covering this topic, but the lede is not close to being an adequate summary of the body. There is not one mention of criticis
Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016 was nominated for deletion. The discussion was closed on 8 January 2017 with a consensus to merge. Its contents were merged into 2016 Indian banknote demonetisation. The original page is now a redirect to this page.
The high-value note will remain a legal tender, the country’s central bank has said
Download QR code; Print/export ... 2016 Indian bank data breach; 2016 Indian banknote demonetisation; 2016 Railway budget of India; 2016 Union budget of India; A.
Early in November, India abolished the 500 and 1000 rupee banknotes in an effort to fight corruption and so-called "black money". Since then, interest in Bitcoin appears to be increasing in the ...