Discover and read the best of Twitter Threads about #2000Note
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[Exchange of ₹2000 notes] RBI tells Delhi HC that this is a currency management excercise. The central bank reiterates that this is not demonetisation.
#DelhiHighCourt #RBI #2000Note
#DelhiHighCourt #RBI #2000Note
Senior Advocate Parag Tripathi made the submission as the Court was dealing with a PIL challenging the RBI notification.
The petitioner has said that RBI does not have the power to discontinue banknotes and such an order has to come from the Central government.
The petitioner has said that RBI does not have the power to discontinue banknotes and such an order has to come from the Central government.
The Court has adjourned the case to Monday and asked the counsel to submit short notes of their submission.
📢 Thread: RBI Withdraws ₹2000 Banknotes, Here's What You Need to Know! 💵🏦
👉RBI is withdrawing ₹2000 banknotes introduced in 2016 after demonetization. These notes will still be legal tender, but their usage has decreased, so RBI wants to replace them with other denominations. #RBI #CurrencyWithdrawal
👉The decision is part of RBI's "Clean Note Policy" to ensure good quality banknotes in circulation. You can still use ₹2000 notes for transactions, but it's better to deposit or exchange them by September 30, 2023. Banks will help with the process. #CleanNotePolicy
My bank manager's story of black money and demonetization in Kerala.
1. The manager was posted in Malappuram, Kerala, during demonetization. Had lots of Harmful customers who had just Rs 2,500 in their accounts and were applying for loans, claiming poverty.
1. The manager was posted in Malappuram, Kerala, during demonetization. Had lots of Harmful customers who had just Rs 2,500 in their accounts and were applying for loans, claiming poverty.
2. When demo happened, they all came running to the manager, asking him to help them park Rs 1 crore to Rs 3 crore cash in his bank. When he refused they offered him 25% per crore. That's Rs 25 lakh cash for each crore he can help them whitewash.
3. They begged and cried before him, saying the money would be useless for them if he didn't help and if caught they would end up in jail because it was gained through illegal means.
🧵 | MUST READ 🙏 | #2000Note | [1/9]
Now, as RBI has decided to withdraw Rs 2000 currency note from circulation, Leftists (via WhatsApp) has started calling Demonetization as failure, but that's not the case.
A thread with full information about it. 👇
Now, as RBI has decided to withdraw Rs 2000 currency note from circulation, Leftists (via WhatsApp) has started calling Demonetization as failure, but that's not the case.
A thread with full information about it. 👇
[2/9]
Rs 2000 note was primarily introduced to meet the currency requirement after the withdrawal of legal tender status of all Rs 500 & 1000 notes in circulation at that time.
The objective was met and hence printing of 2000 banknotes was stopped in 2018- 19. #2000note
Rs 2000 note was primarily introduced to meet the currency requirement after the withdrawal of legal tender status of all Rs 500 & 1000 notes in circulation at that time.
The objective was met and hence printing of 2000 banknotes was stopped in 2018- 19. #2000note
[3/9]
The central bank said the objective of introducing Rs 2000 banknotes was met once banknotes in other denominations became available in adequate quantities. Therefore, printing of Rs 2000 banknotes was stopped in 2018-19, it said. #2000Note
The central bank said the objective of introducing Rs 2000 banknotes was met once banknotes in other denominations became available in adequate quantities. Therefore, printing of Rs 2000 banknotes was stopped in 2018-19, it said. #2000Note
