The news that the Reserve Bank of India (RBI) will soon release Rs 5,000 notes is doing the rounds on social media. But, is this news really genuine?
Has the government really released 5 thousand rupees notes?
Clarification given by RBI is ahead. Thus, RBI has recently withdrawn Rs 2,000 notes. As of now, RBI has released new 5,000 rupees notes. People are eagerly waiting for this news which is circulating on social media
Currently, the largest note in India is Rs 500. Besides, 200, 100, 50, 50 and 10 rupee notes are in circulation in India. The news, which is going viral on social media, has sparked a debate among traders and big businessmen.
5,000 and 10,000 rupee notes were issued after independence. 1000 rupee notes were introduced in 1954. In 1978, then Prime Minister Morarji Desai withdrew 1,000, 5,000 and 10,000 rupee notes from circulation.
The new 5,000 rupee note news is completely false. This news circulating on social media is also literally false. RBI has not taken any such decision. This news is completely false. There is no basis for this.
New Rs 5000 Note: What RBI Says? Reserve Bank of India (RBI) Governor has said that there is no plan to release 5,000 denomination notes. RBI is not planning to introduce new high denomination notes.
According to RBI, the current currency system of the country is sufficient to meet the economic needs of the country. There is no need to make further changes.