Note withdrawal is part of currency mgmt: Das
Mint Mumbai|May 23, 2023
Move is part of RBI's Clean Note Policy as these notes were printed five or six years ago
Subhash Narayan
Note withdrawal is part of currency mgmt: Das

NEW DELHI : A day before banks open their counters for exchanges and deposits of 2,000 notes, Reserve Bank of India Governor Shaktikanta Das said the move is part of the central bank’s currency management operations. All measures have been taken to ensure that people are not inconvenienced while exchanging these notes, he added. “Let me re-emphasize that it (currency withdrawal) is part of the currency management operations of the RBI," Das told reporters on the sidelines of an RBI event in Delhi.

Late on Friday, the central bank said the 2,000 notes issued in the wake of demonetization are being withdrawn, and people can exchange or deposit them at bank branches till 30 September. The currency note remains legal tender, according to RBI.

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