Key Points
The Reserve Bank of India (RBI) announced on Friday that over 97% of India's highest-denomination 2,000-rupee currency notes, which were withdrawn from circulation in May 2023, have been returned...
The total value of 2,000 rupee banknotes in circulation, which stood at 3.56 lakh crore rupees as on May 19, 2023, when the withdrawal of India's highest currency note was announced, has now decreased to 8,470 crore rupees as of February 29, 2024, the RBI said in a statement...
"Thus, 97.62% of the 2000 banknotes in circulation as on May 19, 2023, has since been returned," the central bank said...
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