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Big Move : RBI Announces Withdrawal Of Rs 2000 Notes With Immediate Effect ; Can Be Exchanged , Deposited Till September 30
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In a surprise move, the Reserve Bank announced withdrawal of Rs 2,000 currency notes from circulation but gave public time till September 30 to either deposit such notes in accounts or exchange them at banks.
Unlike the November 2016 shock demonetisation when old Rs 500 and Rs 1,000 notes were invalidated overnight, the Rs 2,000 notes will continue to be a legal tender till September 30.
In a statement, the Reserve Bank of India (RBI) said it has asked banks to stop issuing Rs 2,000 notes with immediate effect.
Reacting to the RBI move, Senior Congress leader , General Secretary in-charge Communications, tweeted
ypical of our self-styled Vishwaguru. First Act, Second Think (FAST).
2000 rupee notes introduced with such fanfare after that singularly disastrous Tughlaqi firman of Nov 8 2016 are now being withdrawn.
Typical of our self-styled Vishwaguru. First Act, Second Think (FAST).
2000 rupee notes introduced with such fanfare after that singularly disastrous Tughlaqi firman of Nov 8 2016 are now being withdrawn.https://t.co/gPjY07iKID
— Jairam Ramesh (@Jairam_Ramesh) May 19, 2023
Another Senior Congress leader and former I&B Minister Manish Tewari Tweeted ,
Did First demonisation of 8 th November 2016 meet any of it’s stated objectives ?
The answer is a no brainer. It achieved zilch.
Why do we require a second?
Why make people re-live that nightmare again ?
Doesn’t India deserve better?
Did First demonisation of 8 th November 2016 meet any of it’s stated objectives ?
The answer is a no brainer. It achieved zilch.
Why do we require a second?
Why make people re-live that nightmare again ?
Doesn’t India deserve better? https://t.co/1gnkciNEuD
— Manish Tewari (@ManishTewari) May 19, 2023
