World Coin News

INDIA WITHDRAWS ITS 2,000-RUPEE BANK NOTE

Due to inflation many countries are considering introducing higher denomination coins or bank notes. Not India. The Asian nation is withdrawing its highest denomination bank note, a note with a face value of 2,000 rupees.

According to the Reserve Bank of India, there is evidence the denomination is not being commonly used for transactions. An official statement from the RBI reads, “The stock of bank notes in other

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