A letter from the Reserve Bank of India (RBI) is becoming increasingly viral on social media. In this letter, it is about changing the old notes of 500 and 1000 rupees. It has been claimed in the viral letter that the RBI has further extended the facility for foreign nationals to exchange Indian demonetised currency notes.

What is the truth

When this post was investigated, seeing the seriousness, the Fact Check Team of Press Information Bureau (PIB Fact Check) investigated the matter and brought out its truth. PIB has fact-checked this viral post. PIB Fact Check said, the claim of extending the facility of exchange of old notes of 500-1000 for foreign nationals is fake.

Tweeting about this claim going viral on social media, he said that the facility for foreign nationals to exchange Indian demonetised currency notes has ended in 2017. No such order has been issued regarding the exchange of 500 and 1000 notes.

The post 500,1000 Rupees Currency Note: Big news! RBI gave a big statement regarding 500 and 1000 notes, check details first appeared on Rightsofemployees.com.

According to media reports, news is coming that the government can start this note again. At the time of demonetisation, the government stopped corruption in the country by closing this currency. In order to remove black money, the government (Modi Government) had decided to discontinue such notes, but now the government is going to start the 1000 rupee note once again.

Note can be issued again

2000 notes disappearing from the market, people had to face a lot of problems at the time of demonetisation. At that time, people had to face the problem of standing in long queues to exchange the notes. Please tell that at this time, 2000 rupee notes are being seen very less in the market.

RBI’s report revealed

that according to the annual report of RBI, as on March 31, 2022, a total of 214.20 crore notes of Rs 2,000 (2000 Rupee note) are in circulation. This is 1.6% of the total notes. If we look at the value, then a total of Rs 4,28,394 crore notes are in circulation. In terms of value, 13.8% notes exist. Even after the presence of such a large number of notes, if you are not seeing them, do not assume that it is closing or has stopped.

Notes were banned in 2016 Let us tell you that on November 8, 2016, Prime Minister Narendra Modi had announced demonetisation in the country. After this, the currency of 500 and 1000 rupees was banned in the country from midnight on the same day. However, after this people were allowed to exchange notes from the bank.

The post 1000 Rupees Currency Note: Now the government is going to start the 1000 rupee note once again, check details first appeared on Rightsofemployees.com.