The RBI and the govt. have finalised plans to launch a new series of 1000 rupee notes to replace the ones that were withdrawn, Indian Express reported citing a government official they didn’t identify. It is not clear when the new notes will be introduced, but the RBI has already started production. It was supposed to be introduced in January, but the schedule has been delayed due to the need to supply 500 rupee notes to replenish the stock of old notes that were demonetized in November. Read More
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