{"id":30050,"date":"2025-02-09T11:43:02","date_gmt":"2025-02-09T06:13:02","guid":{"rendered":"https:\/\/edunovations.com\/currentaffairs\/?p=30050"},"modified":"2025-02-09T11:43:05","modified_gmt":"2025-02-09T06:13:05","slug":"rbi-%e2%82%b92000-note-withdrawal-98-returned-2-in-circulation-impact-history-and-key-takeaways-for-exams","status":"publish","type":"post","link":"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-%e2%82%b92000-note-withdrawal-98-returned-2-in-circulation-impact-history-and-key-takeaways-for-exams\/","title":{"rendered":"RBI \u20b92000 Note Withdrawal: 98% Returned, 2% in Circulation \u2013 Impact, History, and Key Takeaways for Exams"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-%e2%82%b92000-note-withdrawal-98-returned-2-in-circulation-impact-history-and-key-takeaways-for-exams\/#RBIs_%E2%82%B92000_Note_Withdrawal_98_Returned_2_Still_in_Circulation\" >RBI\u2019s \u20b92000 Note Withdrawal: 98% Returned, 2% Still in Circulation<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-%e2%82%b92000-note-withdrawal-98-returned-2-in-circulation-impact-history-and-key-takeaways-for-exams\/#Background_of_the_%E2%82%B92000_Note_Withdrawal\" >Background of the \u20b92000 Note Withdrawal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-%e2%82%b92000-note-withdrawal-98-returned-2-in-circulation-impact-history-and-key-takeaways-for-exams\/#Current_Status_of_the_Withdrawal_Process\" >Current Status of the Withdrawal Process<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-%e2%82%b92000-note-withdrawal-98-returned-2-in-circulation-impact-history-and-key-takeaways-for-exams\/#Impact_on_the_Economy\" >Impact on the Economy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-%e2%82%b92000-note-withdrawal-98-returned-2-in-circulation-impact-history-and-key-takeaways-for-exams\/#RBIs_Future_Plans\" >RBI\u2019s Future Plans<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-%e2%82%b92000-note-withdrawal-98-returned-2-in-circulation-impact-history-and-key-takeaways-for-exams\/#Why_This_News_is_Important\" >Why This News is Important<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-%e2%82%b92000-note-withdrawal-98-returned-2-in-circulation-impact-history-and-key-takeaways-for-exams\/#Relevance_for_Government_Exam_Aspirants\" >Relevance for Government Exam Aspirants<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-%e2%82%b92000-note-withdrawal-98-returned-2-in-circulation-impact-history-and-key-takeaways-for-exams\/#Economic_and_Policy_Implications\" >Economic and Policy Implications<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-%e2%82%b92000-note-withdrawal-98-returned-2-in-circulation-impact-history-and-key-takeaways-for-exams\/#Connection_to_Current_Affairs\" >Connection to Current Affairs<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-%e2%82%b92000-note-withdrawal-98-returned-2-in-circulation-impact-history-and-key-takeaways-for-exams\/#Historical_Context\" >Historical Context<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-%e2%82%b92000-note-withdrawal-98-returned-2-in-circulation-impact-history-and-key-takeaways-for-exams\/#Demonetization_of_2016\" >Demonetization of 2016<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-%e2%82%b92000-note-withdrawal-98-returned-2-in-circulation-impact-history-and-key-takeaways-for-exams\/#Evolution_of_Currency_Management\" >Evolution of Currency Management<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-%e2%82%b92000-note-withdrawal-98-returned-2-in-circulation-impact-history-and-key-takeaways-for-exams\/#Key_Takeaways_from_This_News\" >Key Takeaways from This News<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-%e2%82%b92000-note-withdrawal-98-returned-2-in-circulation-impact-history-and-key-takeaways-for-exams\/#Important_FAQs_for_Students_from_this_News\" >Important FAQs for Students from this News<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/rbi-%e2%82%b92000-note-withdrawal-98-returned-2-in-circulation-impact-history-and-key-takeaways-for-exams\/#Some_Important_Current_Affairs_Links\" >Some Important Current Affairs Links<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"RBIs_%E2%82%B92000_Note_Withdrawal_98_Returned_2_Still_in_Circulation\"><\/span><strong>RBI\u2019s \u20b92000 Note Withdrawal: 98% Returned, 2% Still in Circulation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Reserve Bank of India (RBI) recently announced that 98% of the \u20b92000 denomination notes have been returned to the banking system since their withdrawal in May 2023. Only 2% of these high-value currency notes remain in circulation. This move is part of the central bank\u2019s efforts to streamline currency management and curb black money.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Background_of_the_%E2%82%B92000_Note_Withdrawal\"><\/span><strong>Background of the \u20b92000 Note Withdrawal<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The \u20b92000 note was introduced in November 2016 following the demonetization of \u20b9500 and \u20b91000 notes. The primary aim was to meet the immediate currency requirements of the economy. However, over time, the RBI observed that the \u20b92000 note was not widely used for transactions and was often hoarded. This led to the decision to phase out the note, ensuring it remains legal tender but encouraging the public to deposit or exchange it.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Current_Status_of_the_Withdrawal_Process\"><\/span><strong>Current Status of the Withdrawal Process<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">As of October 2023, the RBI reported that \u20b92000 notes worth \u20b93.56 lakh crore have been returned to the banking system. This constitutes 98% of the total value of these notes in circulation at the time of the withdrawal announcement. The remaining 2% of notes, valued at approximately \u20b97,000 crore, are still in public circulation. The RBI has urged citizens to deposit or exchange these notes at bank branches before the deadline.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Impact_on_the_Economy\"><\/span><strong>Impact on the Economy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The withdrawal of \u20b92000 notes has had a mixed impact on the economy. On the positive side, it has increased liquidity in the banking system, enabling better monetary policy transmission. However, it has also caused temporary inconvenience to the public, especially in rural areas where banking infrastructure is limited. The move is expected to reduce the risk of counterfeiting and improve the efficiency of currency management.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"RBIs_Future_Plans\"><\/span><strong>RBI\u2019s Future Plans<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The RBI has clarified that the \u20b92000 note will continue to be legal tender, but its circulation will gradually diminish. The central bank is also focusing on promoting digital transactions and ensuring adequate supply of lower-denomination notes to meet public demand. This step aligns with the RBI\u2019s long-term goal of creating a cash-lite economy.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\" id=\"RBI-\u20b92000-note-withdrawal-update\"><img decoding=\"async\" width=\"300\" height=\"168\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2025\/02\/RBI-\u20b92000-note-withdrawal-update.jpg\" alt=\"RBI \u20b92000 note withdrawal update\" class=\"wp-image-30068\" style=\"width:606px;height:auto\" title=\"RBI \u20b92000 note withdrawal update\"\/><figcaption class=\"wp-element-caption\">RBI \u20b92000 note withdrawal update<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_This_News_is_Important\"><\/span><strong>Why This News is Important<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Relevance_for_Government_Exam_Aspirants\"><\/span><strong>Relevance for Government Exam Aspirants<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">This news is crucial for students preparing for government exams, especially those targeting banking, civil services, and RBI-related positions. Understanding the rationale behind the withdrawal of high-value currency notes and its implications on the economy is essential for both prelims and mains examinations.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Economic_and_Policy_Implications\"><\/span><strong>Economic and Policy Implications<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The withdrawal of \u20b92000 notes highlights the RBI\u2019s focus on curbing black money, reducing counterfeit currency, and promoting digital transactions. Aspirants must grasp the broader economic policies and their impact on sectors like banking, finance, and rural development.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Connection_to_Current_Affairs\"><\/span><strong>Connection to Current Affairs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">This development is a significant current affairs topic, often linked to questions on monetary policy, demonetization, and currency management. It also reflects the government\u2019s efforts to formalize the economy and enhance transparency.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Historical_Context\"><\/span><strong>Historical Context<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Demonetization_of_2016\"><\/span><strong>Demonetization of 2016<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The introduction of the \u20b92000 note in 2016 was a direct response to the demonetization of \u20b9500 and \u20b91000 notes. The sudden withdrawal of high-value currency aimed to combat black money, counterfeit currency, and terror financing. However, the \u20b92000 note soon became a subject of criticism due to its limited use in daily transactions.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Evolution_of_Currency_Management\"><\/span><strong>Evolution of Currency Management<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Over the years, the RBI has taken several steps to modernize currency management, including the introduction of new security features in currency notes and promoting digital payment systems. The withdrawal of the \u20b92000 note is a continuation of these efforts.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Takeaways_from_This_News\"><\/span><strong>Key Takeaways from This News<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th><strong>S.No.<\/strong><\/th><th><strong>Key Takeaway<\/strong><\/th><\/tr><\/thead><tbody><tr><td>1<\/td><td>98% of \u20b92000 notes have been returned to the banking system since May 2023.<\/td><\/tr><tr><td>2<\/td><td>Only 2% of \u20b92000 notes, worth \u20b97,000 crore, remain in public circulation.<\/td><\/tr><tr><td>3<\/td><td>The \u20b92000 note was introduced in 2016 post-demonetization to meet currency needs.<\/td><\/tr><tr><td>4<\/td><td>The withdrawal aims to curb black money, counterfeiting, and improve cash management.<\/td><\/tr><tr><td>5<\/td><td>The RBI continues to promote digital transactions and ensure adequate lower-denomination notes.<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">RBI \u20b92000 note withdrawal update<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Important_FAQs_for_Students_from_this_News\"><\/span>Important FAQs for Students from this News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>Why was the \u20b92000 note introduced in 2016?<\/strong><br>The \u20b92000 note was introduced in November 2016 to meet the immediate currency requirements of the economy after the demonetization of \u20b9500 and \u20b91000 notes.<\/li>\n\n\n\n<li><strong>Is the \u20b92000 note still legal tender?<\/strong><br>Yes, the \u20b92000 note remains legal tender, but the RBI has encouraged the public to deposit or exchange it at bank branches.<\/li>\n\n\n\n<li><strong>What percentage of \u20b92000 notes are still in circulation?<\/strong><br>As of October 2023, 2% of \u20b92000 notes, worth approximately \u20b97,000 crore, are still in circulation.<\/li>\n\n\n\n<li><strong>What is the purpose of withdrawing the \u20b92000 note?<\/strong><br>The withdrawal aims to curb black money, reduce counterfeit currency, and improve the efficiency of currency management.<\/li>\n\n\n\n<li><strong>How has the withdrawal impacted the economy?<\/strong><br>The withdrawal has increased liquidity in the banking system but caused temporary inconvenience, especially in rural areas with limited banking infrastructure.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Important_Current_Affairs_Links\"><\/span>Some Important Current Affairs Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/national\/\" target=\"_blank\" rel=\"noreferrer noopener\">State Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/sports\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sports Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--3\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/international\/\" target=\"_blank\" rel=\"noreferrer noopener\">International Current Affairs<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/banking\/\" target=\"_blank\" rel=\"noreferrer noopener\">Banking Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/railway\/\" target=\"_blank\" rel=\"noreferrer noopener\">Railways Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/defence\/\" target=\"_blank\" rel=\"noreferrer noopener\">Defence Current Affairs<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--4\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs?newsmaticargs=custom&amp;posts=today\" target=\"_blank\" rel=\"noreferrer noopener\">Daily Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--5\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairsinhindi\/\" target=\"_blank\" rel=\"noreferrer noopener\">Current Affairs In Hindi<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--6\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/news-and-notifications\/\" target=\"_blank\" rel=\"noreferrer noopener\">News and Notifications<\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.edunovations.quiz\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg\" alt=\"Download this App for Daily Current Affairs MCQ&#039;s\" class=\"wp-image-247\" title=\"\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-300x50.jpg 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-768x128.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">Download this App for Daily Current Affairs MCQ&#8217;s<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\" id=\"News-Website-Development-Company\"><a href=\"https:\/\/www.martindiainfotech.com\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" 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notes have been returned to the banking system since their withdrawal in May 2023. Only 2% of these high-value currency notes remain in circulation. 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