2000 rs note ban news 2019
There was no 2000 rupee note ban in 2019. In fact, the Reserve Bank of India (RBI) has never issued a 2000 rupee note. The highest denomination note issued by the RBI is the 2000 rupee note, but it is not a commonly circulated note.
It's possible that you may be confusing it with the demonetization of high-denomination notes in 2016, when the RBI banned the use of 500 and 1000 rupee notes to combat corruption and black money. This move was announced by Prime Minister Narendra Modi on November 8, 2016, and the old notes were replaced with new 500 and 2000 rupee notes.
Here are some key points about the demonetization:
- The RBI banned the use of 500 and 1000 rupee notes with effect from midnight on November 8, 2016.
- The move was aimed at curbing corruption, black money, and counterfeit currency.
- The old notes could be exchanged for new 500 and 2000 rupee notes at banks and post offices until December 30, 2016.
- The move was widely criticized for its implementation and impact on the economy, particularly the poor and vulnerable sections of society.
It's worth noting that there was no 2000 rupee note ban in 2019, and the RBI has continued to issue 2000 rupee notes as part of its regular currency circulation.