India scraps 2000-rupee note

Explainer: What India's decision to scrap its 2000-rupee note means for its economy

India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in 2016, will remain legal tender but citizens have been asked to deposit or exchange these notes by Sept. 30, 2023.
20 May 2023, 05:22 AM