Printing of Rs.2000 notes has stopped.? Banning..?
In 2016, the government led by prime minister Modi took demonetization. At that time many people were poor despite having money in hand. Even if there was money in hand, it was not possible to spend it. Even if there was money in hand, we could not spend it, so we had to wait for several hours in the banks to get new money. 2000 rupee notes were introduced.
However, due to various reasons, the printing of 2000 rupee notes has been stopped for the last 3 years. As it is a very high-value paper, there are reports that it is used to provide financial support to terrorism, smuggle drugs, and stash black money. Many countries that have seen growth in the economy have banned such high-value paper for a period of time, especially countries including the United States, China, Germany, and Japan, and even 100 per Banned their overvalued, high-value currencies.
In particular, the european union banned the 500 euro note in 2018. singapore discontinued the $10,000 note in 2010. So will india also ban the high-value 2000 rupee note in India? The question has also arisen. It is in the midst of illegal activities and various challenges that Western countries have taken such steps. In that way, the indian government should also think about banning 2000 rupees. This ban should be implemented gradually. Former deputy chief minister of bihar Sushil Modi said that people can change without any problem.
As far as we know even banks have stopped issuing 2000 rupee notes in large quantities. Even ATMs are said to have decreased. There is a fear about this among the people. Any notification at what time? There is a fear that it would be good if the government issued a notification instead of making us wait for hours to spend our money again.