RBI says 88% of 2,000 notes returned in 2 months

August 2, 2023

As on July 31, about Rs 3.14 lakh crore worth of notes were recalled, the Reserve Bank of India (RBI) said, having announced the withdrawal on May 19. These banknotes, which the RBI said had served the purpose of urgently filling a systemic void caused by the November 2016 currency swap, continue to remain legally valid.

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