(India) | |
---|---|
Value | ₹2000 |
Height | 66 mm |
Years of printing | 2016–2017 |
Obverse | |
Design | Mahatma Gandhi |
Designer | Reserve Bank of India |
Design date | 2016 |
Reverse | |
Design | Mangalyaan |
Designer | Reserve Bank of India |
Design date | 2016 |
The 2000 rupee note was introduced by the Reserve Bank of India on 8 November 2016. The introduction of this denomination of the Indian rupee was part of the government's demonetization exercise aimed at curbing corruption, black money and counterfeit currency. On the same day, the Indian government announced the demonetization of the existing 500 rupee and 1000 rupee notes. The intention behind demonetization was to invalidate the old notes to disrupt illegal activities and promote a shift towards digital transactions.
Initially, the circulation of the 2000 rupee note was limited due to the demonetization exercise and the subsequent re-calibration of ATMs and cash distribution systems. However, as the process unfolded, the note became more widely available for circulation. On 19 May 2023, the Reserve Bank of India announced its decision to withdraw the ₹2,000 notes from circulation.[1]