RBI Governor: Limited economic impact from withdrawal of Rs 2,000 notes

  • Shaktikanta Das says Rs 2,000 notes are rarely used and only account for 10.8% of the currency in circulation.
  • Adequate stock of lower denomination notes available to address any increased demand.
  • Withdrawal is part of RBI’s currency management, and legal tender status is not restricted to September 30.

[Via]

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