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What is the reason behind demonetising 1000 rupee notes and introducing a 2000 rupee note?
I wanted to ask about the demonetization of 1000 rupee notes and the introduction of a 2000 rupee note. Do you know the reason behind it?
Yes, the Indian government implemented demonetization in order to combat black money, counterfeit notes, and terrorism financing. The introduction of the new 2000 rupee note was to help with the transition and to provide convenience in larger transactions.