Demonetization 2.0 Or Routine Currency Management? – Analysis

By Arya Roy Bardhan*

The Reserve Bank of India (RBI) issued a circular on 19 May 2023 notifying the withdrawal of INR 2000 denomination banknotes from circulation. This high-value banknote—introduced in November 2016 to meet the immediate currency requirement following the demonetisation—although being withdrawn from...