MUMBAI: India’s highest value banknote will be withdrawn in less than a week — and there’s still almost 240 billion rupees ($2.9 billion) worth of the notes in circulation.
The Reserve Bank of India ordered the withdrawal of the 2,000-rupee note on May 19, giving people until the end of September to exchange or deposit them with banks. While the vast majority of the 3.56 trillion rupees have since been banked, 7% of the notes remained in circulation as of September 1.
