People are passing off these notes because they don't want to deposit them with banks due to their dubious origins. Even others are resorting to clever methods. They are trying to push these notes to jewelers who currently seem to be charging the cash on the bank. But this stuff is happening only in the unorganized sector due to strict KYC norms. In any case, we hope that this is the end of the road for withdrawals and demonetization. Hopefully, we all can move on.
In today’s episode for 23rd May 2023, we explore an economic theory that could be associated with the withdrawal of the ₹2,000 notes.
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