Fact Check: No, Rs 2,000 Currency Notes Will Not Be Discontinued From December 31

A message regarding the discontinuation of Rs 2000 banknotes is going viral on all the major social media platforms like Facebook and twitter.

The message states that the Reserve Bank of India (RBI) will soon discontinue the Rs 2000 currency notes. The viral message also states that a new version of Rs 1000 currency notes will soon be introduced after January 1, 2020. The information builds on the information when the Reserve Bank of India (RBI) confirmed in reply to an RTI query that it did not print any Rs 2000 note in this current financial year.

https://t.co/tq91Puqf3c
RBI NEWS
Releasg
Rs.1000/- notes on
1st January 2020.
Reserve Bank taking back all the Rs.2000/- notes.
You can only exchange Rs50k/- So, kindly start changing your 2k/- notes immediately.
After 31st dec2019 you cannot change your Rs.2000 notes.#NoMoreBJP

— Bilal Ahmed (@sazimull) November 26, 2019

[10/9, 11:37 AM] Heran: https://t.co/2zSSmtAJFi
*Central Reserve Bankof India*
Releasing new
Rs.1000/- notes on
1st January 2020.

*Reserve Bank taking back all

*After 31st december 2019 you cannot change your Rs.2000 notes.*

*Can anybody confirm the authenticity of this.*

— Ganesh K. Gavli (@GaneshKGavli1) November 26, 2019

Claims

Rs 2000 notes will be discontinued from December 31, 2019, and new Rs 1000 notes will be introduced from 1st January 2020.

Fact Check

Official information related to discontinuation of notes should come from either from RBI officially or from the government of India. After searching we didn’t came across any such notifications from RBI regarding the same. The note ban or discontinuation of notes are completely different to the discontinuation of its printing Rs 2000 note, which still continues to be a legal tender.

The latest list of RBI’s notification can be easily found on the internet.

Demonetization in India was implemented on 8th November where the existing Rs 500 and Rs 1000 banknotes were banned and new currency notes of Rs 500 and Rs 2000 were introduced.

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