Twitter has a field day over RBI move to withdraw Rs 2,000 bank notes

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It has been almost six years since the central government brought demonetisation across the country, putting an immediate ban on the issuance of all Rs 500 and Rs 1,000 banknotes of the Mahatma Gandhi Series.

While the government also introduced new Rs 500 and Rs 2,000 banknotes in exchange for the older ones, the time has now come to bid adieu to these as well, as the Reserve Bank of India (RBI) announced the withdrawal of Rs 2,000 notes from circulation.

In its notification issued on Friday, the central bank said that Rs 2,000 notes will be withdrawn, further asking banks to stop issuing the notes with immediate effect. However, unlike last time, the RBI did state that the notes will stay as legal tender and citizens can get them exchanged by 30 September 2023.

As soon as the announcement came out, it indeed spread like wild fire, engulfing social media platforms with reactions over the matter. Booking a spot in the trending list, #2000Note and #Demonetisation have become the internet’s favourite since Friday. Speaking of which, Twitter is already flooded with users’ reactions as the RBI announcement has clearly sparked a meme fest, taking the microblogging site for a ride!

Scroll down to check some hilarious reactions:

A user hilariously paid tribute to Rs 2000 note by adding a garland around in this Twitter post.

Another user while taking a veiled dig at those hiding black money shared the video.

Taking this popular scene from Sanjay Dutt and Arshad Warsi starrer Munna Bhai MBBS, the user shared a meme about the short-lived life of Rs 2000 note.

The user shared this scene from the film Welcome for those who don’t have Rs 2000 notes.

More reactions to Rs 2000 withdrawal

Why did RBI withdraw Rs 2000 note?

In this detailed notification, RBI explained its decision to recall saying that the Rs 2,000 were introduced for a limited period until currency in other denominations is adequately available.

Further noting that the notes of the particular denominations are not commonly used for transactions, it said that Rs 2000 note circulation has significantly declined from Rs 6.73 lakh crore on March 31, 2018, to Rs 3.62 lakh crore as of March 31, 2023.

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