Don’t Panic, Printing of New Rs 2,000 and Rs 500 Currency Notes Began Months Ago

New Delhi: The printing of the new Rs 500 and Rs 2,000 currency notes started around six months ago, and utmost secrecy was maintained at all levels to keep the decision to recall the existing denominations of Rs 500 and Rs 1,000 under wraps. ALSO READ: Govt Scraps Existing Rs 500 and Rs 1,000 Currency Notes, to Introduce Rs 2,000 Notes Top government sources told CNN-News18 that the new series of Rs 2,000 notes reached RBI only two days ago. “Training was given to bankers at all levels over the…

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Govt Scraps Existing Rs 500 and Rs 1,000 Currency Notes, to Introduce Rs 2,000 Notes

New Delhi: In a dramatic move, Prime Minister Narendra Modi announced the government is scrapping with immediate effect the existing currency denominations of Rs 500 and Rs 1,000 to combat black money, corruption and terror-financing. ALSO READ: Don’t Panic, The Printing of New Currency Notes Began Months Ago “These notes will just be paper from tomorrow,” Prime Minister Modi said in a televised address to the nation. Notes and coins of all other denominations continue to be legal tender. There will be no change in any other form of currency…

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