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[30] [31] RBI said that 2,000 bank notes continue to be legal tender. [32] On 1 April 2024, Reserve Bank of India informed that 97.69% of Rs 2,000 notes have been returned to the banking system, however Rs 2,000 notes worth Rs 8,202 crore are still in circulation with public, at the close of business on 29 March 2024. [33] [34]
According to a 2018 report from the Reserve Bank of India ₹15.3 lakh crore (15.3 trillion rupees on the short scale) of the ₹15.41 lakh crore in demonetised bank notes, or approximately 99.3%, were deposited in banks, leading analysts to state that the effort had failed to remove black money from the economy.
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]
Fake Indian Currency Note (FICN) is a term used by officials and media to refer to counterfeit currency notes circulated in the Indian economy. [1] In 2012, while responding to a question in parliament, the Finance Minister, P. Chidambaram, admitted that there is no confirmed estimate of fake currency in India. [ 2 ]
In order to contain the volume of banknotes in circulation due to inflation, the ₹ 1000 banknote was again re-introduced in November 2000, under the government of Atal Bihari Vajpayee, as a part of the Mahatma Gandhi Series of banknotes; these were demonetized on 8 November 2016 by the Prime Minister of India Narendra Modi, with the claimed ...
Pink is saying "so what" to book banners and is fighting back by handing out 2,000 banned books at her two upcoming Florida shows. Pop star Pink to give away 2,000 banned books at Florida concerts ...
1. Ritz Crackers. Wouldn't ya know, a cracker that's all the rage in America is considered an outrage abroad. Ritz crackers are outlawed in several other countries, including the United Kingdom ...
The first $500 note was issued by North Carolina, authorized by legislation dated May 10, 1780. [3] Virginia quickly followed suit and authorized the printing of $500 and $1,000 notes on October 16, 1780, [ 4 ] and $2,000 notes on May 7, 1781. [ 5 ]