Why you should not compare ₹2000 banknotes withdrawal to demonetisation?2 min read 20 May 2023, 02:54 PM IST
₹2000 banknotes withdrawal: The current development is quite different from the demonetisation of 2016 for several reasons.
₹2000 banknotes withdrawal news: The Reserve Bank of India (RBI) has decided to take ₹2,000 banknotes out of circulation. In a surprise move on Friday, the central bank announced the withdrawal of ₹2,000 currency notes from circulation but gave the public time till September to either deposit such notes in accounts or exchange them at banks. This comes seven years after the notes were introduced in 2016 following the demonetisation move.