Value Of Old Currency In India

Value Of Old Currency In India

Indian rupee - Wikipedia

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On 8 november 2016, the government of india announced the demonetisation of all ₹500 and ₹1,000 banknotes of the mahatma gandhi series. it also announced the issuance of new ₹500 and ₹2,000 banknotes in exchange for the demonetised banknotes. the government claimed that the action would curtail the shadow economy and reduce the use of. At the time, the 500 and 1,000 rupee notes made up 86 per cent of the currency in circulation. it was a bold - and somewhat controversial move - by the government to cut the notes completely.. 5 rupees of 2018 - 125th birth anniversary prasantha candra mahalanobis 1893-1972 - kolkata mint.

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But by august 2018, a report published by india's central bank said that more than 99% of the old banknotes in circulation prior to the ban had been accounted for.. Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context..

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