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2000 Rupees Note: The Reserve Bank of India has put the 2000 rupee note out of circulation. It cannot be changed after 30 September 2023. The Reserve Bank has ordered the banks not to issue it. However, it will continue to be a legal tender. The Rs 2000 note was issued in the year 2016 after the demonetisation of Rs 1000 and Rs 500 notes. It is now being taken out of circulation.
This is not the first or second time that any note has been taken out of circulation. Even before this, many times decisions related to legal tender or notes in circulation have been taken. Significantly, the decision related to Rs 2000 note does not come under demonetisation. It has only been removed from circulation.
5000 and 10 thousand notes used to run once
After ending black money in the country and getting independence from the British, the Morarji Desai government took the decision of demonetisation in 1978. According to the news published in the newspapers, people had to face a lot of trouble during that time. Morarji government had banned big notes. The Janata Party-led government had demonetised Rs 1000, Rs 5000 and Rs 10,000 notes.
Demonetisation happened before independence
For the first time in the country, demonetisation was done before independence. Sir Archibald, the Viceroy and Governor General of India, ordered demonetization of high currency bank notes on 12 January 1946. After 13 days, the validity of Rs 500, Rs 1000 and Rs 10000 notes issued during the British era after 12 noon on January 26 was abolished. According to historians, businessmen were stealing profits from abroad from the government, due to which the government had banned more than 100 notes.
10 thousand notes were printed in 1938
10,000 rupee notes were printed by the Reserve Bank. Along with this, 10 rupee notes and 5 rupee notes were printed. The first paper notes of Rs 5 were printed this year. In 1946, notes of 1000 and 10 thousand rupees were closed. Then in 1954, notes of 1000 and 5000 rupees were printed. After this, 5000 rupee notes were also printed and later in 1978 both of them were closed.
500 and 1000 rupee notes were closed in 2016
On November 8, 2016, the Modi government had decided to demonetise 500 and 1000 rupee notes. After this decision, Rs 2000 note was issued. Along with this, new notes of 500 rupees were issued. This decision was taken against black money. During that time people had to face many problems to change the notes. Now the decision has been taken to withdraw Rs 2000 from circulation.
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