IMPLICATIONS OF 2000 RUPEE CURRENCY NOTES WITHDRAWAL | MACROECONOMICS | LEARN OIKONOMIA

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This video discusses Implications of 2000 Rupee Currency Notes Withdrawal.

Reserve Bank Governor Shaktikanta Das on Monday said the impact of withdrawal of ₹2,000 currency notes will be “very very marginal” on the economy because it accounts for only 10.8% of currency in circulation. Describing the withdrawal exercise as part of currency management operations of the Reserve Bank, he said, he expects most of the withdrawn ₹2,000 notes to be returned to the exchequer by the deadline of September 30. This has many implications.

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