In a significant move, India's central bank has announced the withdrawal of its highest denomination currency note from circulation.
2000-rupee notes being exchanged or deposited.
The 2000-rupee note, introduced in 2016, will remain legal tender, but citizens have been asked to deposit or exchange these notes by September 30, 2023. Comparison of the current withdrawal to the 2016 demonetization.
This decision is reminiscent of the 2016 demonetization, when a large portion of the economy's currency was withdrawn overnight. However, this time, the withdrawal is expected to be less disruptive.
Official Facebook: [ Ссылка ]
Official Twitter: [ Ссылка ]
Website: www.dawn.com
Official Instagram: [ Ссылка ]
#indianrupee #indiancurrency #indianews #southasianews #indianeconomy #indianeconomy #demonetization #latestnews #dawnnewsenglish #dawnnews
![](https://s2.save4k.ru/pic/26SaPV_CiO0/maxresdefault.jpg)