RBI says got back 97.3% of 2,000-rupee banknotes as of Thu

Informist, Friday, Dec 1, 2023


–RBI: 2,000-rupee banknotes continue to be legal tender 
–RBI:Got back 97.3% of 2,000-rupee notes in circulation as on May 19 
–RBI: 97.6 bln rupees of 2,000-rupee notes left in system as of Thu 

MUMBAI – The Reserve Bank of India today said it has got back 97.3% of the 2,000-rupee banknotes in circulation since it announced the withdrawal of the notes on May 19. The central bank said the 2,000-rupee banknotes continue to hold a legal tender and 97.6 bln rupees worth banknotes of the denomination remained in the system as of Thursday.

The total value of 2,000-rupee banknotes in circulation was 3.56 trln rupees as of May 19. Since Oct 8, branches of banks have stopped accepting and exchanging the 2,000-rupee notes. Only 19 RBI issue offices continue to allow the exchange of the banknoteswith a limit of 20,000 rupees at a time.  End


Reported by Kshipra Petkar

Edited by Manisha Baxla


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