2000 notes out of circulation, know why there is no need to panic - Newztezz Online

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Saturday, May 20, 2023

2000 notes out of circulation, know why there is no need to panic

Their printing started decreasing from 2018 itself and in the year 2019 it was completely stopped. In such a situation, let us tell you why you do not need to worry about this 'mini demonetisation'.

Ever since the 2000 note circulation has stopped, many types of questions are roaming in the minds of the people. They are feeling that this situation is similar to the demonetisation of 2016. When Prime Minister Modi had stopped the notes of 500 and 1000 rupees from midnight itself. But let me tell you, you do not need to worry or worry about this demonetisation.

Let me tell you, for the last several years, rumors were flying that 2000 notes have disappeared from the market. But this did not happen. The government announced the previous day that the circulation of big 2000 notes is being stopped. However, their printing started decreasing from 2018 itself and was completely stopped in the year 2019. In such a situation, let us tell you why you do not need to worry about this 'mini demonetisation'.

Why there is no need to worry about 'mini demonetisation'

- According to the government, large-scale transactions take place through high-value notes. In such a situation, the government is stopping the circulation of 2000 notes to remove black money.

- The 2000 notes that you have are not completely useless yet. You can use them as legal tender. Their value has not ended yet.

- From May 23, you can exchange these notes by going to the bank. You can change these notes till 30 September.

- You can change only 20 thousand rupees at a time. The reason behind this is that there should not be long lines in the banks and all the notes can be changed easily.

- You do not need to panic even because the 2000 note is very less in circulation. From 2018 itself, their printing started decreasing. In such a situation, their circulation also kept decreasing day by day.

- When the note was banned, the 2000 note was launched in a hurry. In such a situation, now the government is afraid that it is easy to make fake notes of 2000 rupees. There is a lot of fake currency running in the market. That's why it is being closed.

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