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Labour Laws
06/09/20264 min read
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Informative
RBI Reports Rs 2000 Note Circulation Down to Rs 6,577 Crore, 98.15% Withdrawn
Update / Judgement Date
07 Feb 2025
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Financial ManagementRBI
The RBI reported that the circulation of Rs 2000 notes has reduced to Rs 6577 crore, with 98.15% of the notes withdrawn from circulation. This follows the central bank's decision to phase out high-denomination currency, aiming to curb black money and promote digital transactions. The move reflects the RBI's efforts to streamline currency management.
