Current Affairs - Economy - Discussion

Only 1.74% of ₹2,000 notes remain in circulation following the Reserve Bank of India’s withdrawal that began on May 19, 2023. This marks a significant reduction from the original value of ₹3.56 lakh crore to just ₹6,181 crore by May 31, 2025. The withdrawal process has been largely successful, with 98.26% of the currency returned. Citizens can still exchange or deposit these notes at 19 designated RBI Issue Offices or through India Post for credit into bank accounts. The move is part of a broader effort to phase out high-denomination currency and promote cleaner note practices in the economy.