On Friday, the RBI set the cat amongst the pigeons. They said they were withdrawing the 2000s rupee note now that it had fulfilled its purpose. People panicked because remember 2016? Every 500 and 1000 rupee note was invalidated almost overnight. But this announcement wasn't really the same thing. It was kind of a request. Hey, we wanted to stop using these notes. Could you visit your bank and deposit it or exchange it?
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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