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posted 1 year ago by BuckeyePatr1ot 1 year ago by BuckeyePatr1ot +12 / -2

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– Questionable 4 points 1 year ago +4 / -0

The article says you must exchange them for smaller bills. So it's not taking old notes out of circulation, but eliminating it all together.

https://www.ndtv.com/india-news/rs-2-000-notes-to-be-withdrawn-from-circulation-exchange-them-by-september-30-2023-says-rbi-4049268#pfrom=home-ndtv_bigstory

"The objective of introducing ₹ 2,000 banknotes was met once banknotes in other denominations became available in adequate quantities. Therefore, printing of ₹ 2000 banknotes was stopped in 2018- 19," the RBI said in a statement.

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