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Why is government issuing a new Rs 2000 note and not Rs 1000 back again?
I was thinking about the new Rs 2000 note that the Indian government has issued. Can you tell me why they decided to introduce this denomination instead of bringing back the Rs 1000 note?
Sure, I can help you with that. The government introduced the new Rs 2000 note as a part of demonetization in 2016, which aimed to curb black money, corruption, and reduce counterfeit currency. It was easier to track high-value transactions with the new note, and it also helped in reducing the number of fake currency notes in circulation. That's why they decided not to bring back the Rs 1000 note.