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Demonetisation

Reserve Bank Governor Shaktikanta Das on Wednesday said that RBI is monitoring the situation regularly with regard to the withdrawal of Rs 2,000 currency notes and expressed confidence that the entire exercise will be completed in a non-disruptive manner. All pictures: PTI

24 May, 2023 04:14 PM IST | Editor

The Reserve Bank of India on Friday announced the withdrawal of Rs 2000 denomination banknotes as part of its currency management and permitted the exchange of Rs 2000 currency notes up to Rs 20,000 in one go from Tuesday onwards.

The Supreme Court in a 4:1 majority verdict on Monday upheld the government`s 2016 decision to demonetise the Rs 1,000 and Rs 500 denomination notes, saying the decision-making process was not flawed. Following is a timeline of events in the case:

03 January, 2023 11:27 AM IST |

The Reserve Bank of India on Friday announced the withdrawal of Rs 2000 denomination banknotes as part of its currency management and permitted the exchange of Rs 2000 currency notes up to Rs 20,000 in one go from Tuesday onwards.
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