September 30 Is Last Day For 2000 Notes Exchange _ V6 News

Name: September 30 Is Last Day For 2000 Notes Exchange _ V6 News
Uploaded: 2023-09-29T14:14:47+00:00
Duration: 3 min 45 s
Channel: V6 News Telugu

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Transcript

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00:00 The exchange rate of 2000 notes will not be available after 30th September.

00:05 Even if RBI gives a chance, it is said to be risky.

00:09 It is said that 2000 notes will not be available in the market in the coming days.

00:13 In the currency of 33 lakh crores, there are 2500 notes in Chalamani till September 86.

00:19 Banking Ranganath, with Ram Babu and our reporter Haritha, face to face.

00:23 The exchange rate of 2000 notes will not be available in the market in the coming days.

00:32 We have with us Ram Babu, a bank expert.

00:37 Let us talk to him.

00:38 Sir, tell us.

00:39 How many 2000 notes are there in the market for the exchange rate of 2000 notes?

00:44 How much has the present recovered?

00:47 RBI is telling.

00:48 Please count.

00:49 The exchange rate of 2000 notes was in the world in 2016.

00:55 At the time of demonetization, when 1000 notes were reduced to 500 notes, 2000 notes were

01:01 brought to market in Chalamani.

01:04 So, even then, 86% of the total currency was in big notes.

01:09 Even now, there are big notes.

01:11 According to the calculations given by RBI, the currency of 33 lakh crores is in Chalamani

01:16 in the market.

01:17 Out of that, 86% is in 2000 notes and 500 notes.

01:22 RBI's calculations have shown that.

01:25 According to that, approximately 20 lakh crores worth of 2000 notes are in Chalamani in the

01:32 market.

01:33 With the intention of reducing the 2000 notes for the past 7-8 months, the confidential

01:39 agreement given by Reserve Bank of India to the banks is that if you give 2000 notes,

01:45 they will not bring it to the market in Chalamani and will remit it to RBI.

01:50 So, for the past 8 months, the same process is being repeated by the banks to remit it

01:55 to RBI.

01:56 At that time, when the RBI withdrew the money from the 4-5 months, the currency of 4,65,000

02:05 crores worth of 2000 notes is in Chalamani in the market.

02:11 In the process of withdrawing the money, they said that it is a clean note policy.

02:17 The 2000 notes that were remitted will last for 5 years.

02:22 So, since the remitted money in 2016 is no more, we are withdrawing it and we call it a

02:28 clean note policy.

02:30 So, according to that policy, it has no life and we are withdrawing it.

02:35 But, we can understand that the 2000 notes in the future will be a political game.

02:43 So, in the process of withdrawing 4,65,000 crores worth of money, the 30th stage is coming

02:49 to an end.

02:50 They said that they still need a remit of 26,000 crores worth of money.

02:55 So, 26,000 crores worth of money may not be in the country, it may be with other people

03:00 or it may be a memento, with the intention of returning the 2000 notes.

03:05 Many children and adults can keep a memento in their house.

03:10 Anyway, they got 4,65,000 crores worth of money.

03:18 So, the total amount of 20,000 crores worth of money has been deposited in the Reserve

03:22 Bank of India.

03:23 If any concerned person finds out that the remaining 24,000 crores worth of money is

03:30 being remitted, it may be extended again.

03:34 Otherwise, it may become a legal tender.

03:37 Bank experts are saying that the situation will get worse.

03:41 With camera person Suresh, Haritha, V6 News, Hyderabad.

September 30 Is Last Day For 2000 Notes Exchange _ V6 News

Transcript

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