On May 19, the Reserve Bank of India announced that it was pulling out of circulation the country’s highest denomination currency, the 2,000 rupee note (worth $24.27 at today’s exchange rate). Unlike ...
(Bloomberg) -- India is withdrawing its highest value currency note from circulation, giving consumers and businesses a four-month deadline to exchange or deposit the legal tender, a move reminiscent ...
The move to retire 2,000-rupee notes, worth $24, has triggered bad memories of a similar campaign in 2016. It has also left some businesses short of change. By Sameer Yasir and Mike Ives Sameer Yasir ...
NEW DELHI, June 21 (Reuters) - Amazon (AMZN.O), opens new tab said on Wednesday it will collect soon-to-be-withdrawn 2,000 rupee ($24) notes from customers in India and credit them to online wallets ...
India withdrawing its highest value currency notes from circulation may push some consumers to buy precious metals and real estate, giving a temporary boost to Asia’s third-largest economy. In a bid ...
NEW DELHI, May 22 (Reuters) - India's central bank expects most currency notes of 2,000 rupees denomination to be returned to banks by the end of September, Governor Shaktikanta Das said on Monday, ...
MUMBAI, March 1 (Reuters) - More than 97% of India's highest-denomination 2,000-rupee currency notes have been returned since they were withdrawn from circulation in May 2023, the Reserve Bank of ...
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