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The total value of ₹2,000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of ₹2,000 banknotes was announced, has declined to ₹7,581 crore at the close of business on June 28, 2024. “Thus, 97.87% of the ₹2,000 banknotes in circulation as on May…
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The RBI had announced the withdrawal of ₹2,000 denomination banknotes from circulation on May 19, 2023. File | Photo Credit: Reuters The total value of ₹2,000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of ₹2,000 banknotes was announced, has declined to ₹7,581 crore…
Read More “₹7,581 crore worth ₹2,000 notes still in circulation: RBI ” »
On May 19, 2023, RBI announced withdrawal of ₹2,000 denomination banknotes from circulation. File. | Photo Credit: R. RAGU The growth in currency in circulation decelerated to 3.7% for the week ended February 9 from 8.2% a year ago, reflecting the impact of the decision of the Reserve Bank of India (RBI) to withdraw ₹2,000…