Scrapping Rs500, Rs1,000 currency notes was in the works in secret for 6 months3 min read . Updated: 10 Nov 2016, 01:16 AM IST
The design of the new Rs2,000 notes was finalized and the process of printing started three months ago even as banks were kept in the dark
On Monday, heads of currency management divisions in all banks received a confidential communication from the Reserve Bank of India (RBI) to be present at the headquarters. Next morning they were given charge of a double-locked currency chest, which they were told contained currency notes of the new denomination: Rs.2,000.
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