10 things you should know about the new 2,000-rupee note

Two days ago, on what seemed to be an ordinary day, when citizens were wrapping up their work and heading home, Prime Minister Narendra Modi had news for the country. In his 40-minute address, the Prime Minister took a firm stand on ending corruption, black money and unauthorised cash flow by banning the 500 and 1,000-rupee denominations. This news made waves throughout India, especially considering the lack of a buffer between the announcement and the implementation. Amidst all this chaos, the nation witnessed the entry of crisp purple-clad 2,000-rupee notes.

These notes will enter circulation from the 10th of November. The Reserve Bank of India revealed the new denomination on the 8th of November, and this series of notes will be introduced with a completely new design. This new entry is the highest denomination of currency notes released by the RBI since January 1978, when 5,000 and 10,000-rupee notes were published. The notes are being published at Mysuru, Karnataka.

Starting from 8th November, when the announcement of the demonitisation of Rs 500 and Rs 1,000 was made, the country saw a huge demand for lower denominations. Now, with the new purple coloured notes in the market, only time will tell how the country will adapt to this change.