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SME Futures
SME Futures
3 anos

Factors like increase in counterfeiting of Rs 2,000 denomination banknotes, people preferring lower denomination notes may also be the reasons for the Reserve Bank of India (RBI) announcing the gradual withdrawal of that note.

https://smefutures.com/spike-i....n-counterfeit-notes-

Spike in counterfeit notes, people's choice may have contributed to withdrawal of Rs 2,000
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smefutures.com

Spike in counterfeit notes, people's choice may have contributed to withdrawal of Rs 2,000

As per RBI report, counterfeit notes were detected and the number went down to 8,798 pieces in FY21 & climbed up to 13,604 pieces in FY22
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