❓Ask Duta: New ₹500, 1000 and 2000 notes❗

  |   India News

With the old ₹500 and ₹1000 notes issued before Nov 8th no longer being valid, the RBI has introduced new ₹500 and ₹2000 notes which are given in exchange for the old notes. Furthermore, the Finance Minister💰 has said that new ₹1000 note will also be introduced in due course.

Many people have asked why introduce these denomination notes again after withdrawing them. The main aim is to tackle counterfeiting menace of the old ₹500 and 1000 notes and do a "surgical strike" on existing black money and hence reintroduction is only to be expected.