Rs 2000 notes printing stopped but still to remain valid

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Rs 2000 notes printing stopped but still to remain valid

Rs 2000 printing notes are done by RBI which has got stopped after 2 years introduction. This is stopped due to circulation of high denomination currency.

Stoppage of Rs 2000 note printing doesn’t indicate at any kind that currency is said to be invalid. Its initiative is to reduce usage of currency that’s highest of denominations of all INR currencies. Decision to follow government’s suspicion thats currency is large in use of tax evasion and money laundering.
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