Currency round-up: India withdraws 2,000-rupee note
De La Rue replaces chair; Canada and Philippines win currency awards; and more
India: The Reserve Bank of India announced on May 19 that it was withdrawing the 2,000 rupee ($24) banknote from circulation.
In its release, the RBI described the notes as a temporary measure. They were issued following the demonetisation of the 500- and 1,000-rupee notes undertaken at the end of 2016.
Indian authorities stopped printing new pieces of the 2,000 rupee denomination in 2018–19, and the RBI says the notes are nearing the end of their expected lifespans. The central bank has
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