Currency notes get aged out and withdrawn from circulation all the time.
The 2000 rupee notes were a stop gap measure to mitigate the fallout from the I'll conceived and badly executed demonetization exercise from 2016. No new 2000 rupee notes have been issued in years and aged notes are all being withdrawn now. They remain legal tender and the exchange limits are meant to avoid overburdening bank branches like what happened during demonetization.
This is a boring, routine exercise. People are projecting their wishful fantasies onto it. In this very thread, there are people claiming it will reduce corruption, promote digital payments and hit the electoral prospects of opposition parties. None of them make even a lick of sense.
unmole|2 years ago
The 2000 rupee notes were a stop gap measure to mitigate the fallout from the I'll conceived and badly executed demonetization exercise from 2016. No new 2000 rupee notes have been issued in years and aged notes are all being withdrawn now. They remain legal tender and the exchange limits are meant to avoid overburdening bank branches like what happened during demonetization.
This is a boring, routine exercise. People are projecting their wishful fantasies onto it. In this very thread, there are people claiming it will reduce corruption, promote digital payments and hit the electoral prospects of opposition parties. None of them make even a lick of sense.
throwaway384629|2 years ago