Question
What percentage of the ₹2,000 banknotes in circulation
as of May 19, 2023, has been reported as returned by the Reserve Bank of India (RBI) based on the latest data as of December 29, 2023?Solution
According to The Reserve Bank of India (RBI) the circulation of ₹2,000 banknotes has declined to ₹9,330 crore at the close of business on December 29, 2023, “thus 97.38% of the ₹2000 banknotes in circulation as on May 19, 2023, has since been returned.’
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