Rs. 2000 Notes Withdrawn, Still Legal: RBI Governor’s Update to Parliament
The Reserve Bank of India (RBI) Governor recently addressed Parliament regarding the status of the Rs. 2000 banknote. While these notes are no longer being actively circulated, the Governor confirmed they remain legal tender.
Withdrawal of Rs. 2000 Notes from Circulation
The RBI’s decision to stop circulating Rs. 2000 notes has sparked public interest. This move aims to manage the currency flow and potentially streamline transactions.
Counterfeit Currency Concerns
A member of the parliamentary committee raised concerns about the seizure of counterfeit Rs. 500 notes. While this is a concern, the Governor reassured the committee that the proportion of fake notes remains relatively low compared to the overall volume of currency in circulation.
