RS 2000 NOTES
WHERE ARE PEOPLE SPENDING THEIR NOTES?
Published By Livemint | 24 May, 2023
RBI’s decision to withdraw the
₹
2000 note has led to and increase in cash transactions and people have come up with various ways to spend their notes.
Credit : Unsplash
Jewelry
In disorganized markets, jewellers are accepting
₹
2000 notes in lieu of gold at a premium rate.
Credit : Unspash
Petrol Pumps
Cash transactions have risen at petrol pumps and customers are using
₹
2000 notes in 9 out of 10 cases.
Credit : Unsplash
Cash on delivery
Cash on delivery purchases have risen as delivery personnel cannot refuse a
₹
2000 note if its the exact amount.
Credit : Unsplash
Temples
Some are circulating
₹
2000 notes at religious institutions as anonymous donations for smaller denominations.
Credit : Unsplash
Sundry purchases
₹
2000 notes are being spent on expensive purchases like furniture and luxury items.
Credit : Unsplash
CLICK FOR MORE VISUAL STORIES