The apex bank decided to withdraw the Rs 2000 denomination banknotes on 19 May 2023, when the total value of such banknotes was Rs 3.56 lakh at the close of business on that date
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According to a press release by the RBI, the total value of Rs 2000 banknotes in circulation, which stood at Rs 3.56 lakh crore at the close of business on 19 May 2023, has significantly declined to Rs 7,961 crore at the close of business on 30 April 2024.
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