demonetisation

File picture of a customer exchanging currency notes at a bank. | Photo Credit: A.M. FARUQUI About 50% of ₹2,000 notes in circulation as on March 31, 2022, have been deposited or exchanged in banks since the announcement to withdraw the…

The Reserve Bank of India (RBI) on Tuesday told the Delhi High Court that withdrawal of ₹2,000 notes is not demonetisation but a statutory exercise, and the decision to enable their exchange was taken for operational convenience.The court…

Opposition leaders on Saturday hit out at the government after the RBI announced the withdrawal of Rs 2,000 currency notes from circulation, with Congress president Mallikarjun Kharge asking if the “second demonetisation” is an effort to…

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Photo used for representational purpose only. File | Photo Credit: H.S. Manjunath Circulation of Fake Indian Currency Notes (FICN) in the country continues to pose a challenge even after the 2016 demonetisation, whose one of the key…

Demonetisation of the high-value currency notes of ₹500 and ₹1,000 did not have any discernible impact on currency in circulation (CIC) in the country, which has soared by almost 83% since its announcement on November 8, 2016. The Supreme…

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The government’s argument is that demonetisation led to phenomenal growth in digital transactions. | Photo Credit: Getty Images/iStockphoto Reserve Bank of India (RBI) figures show ₹32.18 lakh crore currency in circulation now in India,…

Chinnakannu, a blind, destitute man in his 70s, holds demonetised notes at the Collectorate in Tamil Nadu’s Krishnagiri on October 18, 2021. Mr. Chinnakannu had never heard of demonetisation until the previous day. | Photo Credit: The…