Indians begin exchanging currency notes of 2,000 denomination

STORY: Indians begin exchanging currency notes of 2,000 denomination DATELINE: May 24, 2023 LENGTH: 0:01:38 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of banks and street views in India STORYLINE: The process of exchanging the currency notes of 2,000 (Indian Rupees) denomination began on Tuesday across India after the country's central bank announced the withdrawal of the highest-value currency notes from circulation. Last week, the Reserve Bank of India (RBI) said that the currency notes of the 2,000 denomination shall be withdrawn after Sept. 30, and thereafter they will not be legal tender. Not much rush was seen in front of the banks on Tuesday, as RBI Governor Shaktikanta Das announced on Monday that there were enough currency notes available in the country's banking system for exchange. Individuals have been given the option of exchanging a maximum of 10 notes of 2,000 denominations every day with currency notes of other denominations at any bank.

Illustration Banknotes

Illustration Banknotes

A man Show a 2,000 INR (24.13 USD) banknote in Jaipur, Rajasthan, India on May 20, 2023, after the Reserve Bank of India (RBI) announced the withdrawal of the 2,000 denomination banknotes from circulation. Photo by ABACAPRESS.COM

Illustration Banknotes

Illustration Banknotes

A man Show a 2,000 INR (24.13 USD) banknote in Jaipur, Rajasthan, India on May 20, 2023, after the Reserve Bank of India (RBI) announced the withdrawal of the 2,000 denomination banknotes from circulation. Photo by ABACAPRESS.COM

Illustration Banknotes

Illustration Banknotes

A man Show a 2,000 INR (24.13 USD) banknote in Jaipur, Rajasthan, India on May 20, 2023, after the Reserve Bank of India (RBI) announced the withdrawal of the 2,000 denomination banknotes from circulation. Photo by ABACAPRESS.COM

Illustration Banknotes

Illustration Banknotes

A man Show a 2,000 INR (24.13 USD) banknote in Jaipur, Rajasthan, India on May 20, 2023, after the Reserve Bank of India (RBI) announced the withdrawal of the 2,000 denomination banknotes from circulation. Photo by ABACAPRESS.COM

Illustration Banknotes

Illustration Banknotes

A man Show a 2,000 INR (24.13 USD) banknote in Jaipur, Rajasthan, India on May 20, 2023, after the Reserve Bank of India (RBI) announced the withdrawal of the 2,000 denomination banknotes from circulation. Photo by ABACAPRESS.COM

Illustration Banknotes

Illustration Banknotes

A man Show a 2,000 INR (24.13 USD) banknote in Jaipur, Rajasthan, India on May 20, 2023, after the Reserve Bank of India (RBI) announced the withdrawal of the 2,000 denomination banknotes from circulation. Photo by ABACAPRESS.COM

Illustration Banknotes

Illustration Banknotes

A man Show a 2,000 INR (24.13 USD) banknote in Jaipur, Rajasthan, India on May 20, 2023, after the Reserve Bank of India (RBI) announced the withdrawal of the 2,000 denomination banknotes from circulation. Photo by ABACAPRESS.COM

Illustration Banknotes

Illustration Banknotes

A man Show a 2,000 INR (24.13 USD) banknote in Jaipur, Rajasthan, India on May 20, 2023, after the Reserve Bank of India (RBI) announced the withdrawal of the 2,000 denomination banknotes from circulation. Photo by ABACAPRESS.COM

Buddhist denomination's cemetery in Chiba Pref.

Buddhist denomination's cemetery in Chiba Pref.

TOKYO, Japan - Japanese Buddhist denomination Shinnyo-en's a cemetery with the same shape of tombstone in Kisarazu, Chiba Prefecture, near Tokyo, is seen in this undated photo. Funeral customs and traditions have been changing in Japan.

Thailand to issue highest denominated bank notes

Thailand to issue highest denominated bank notes

BANGKOK, Thailand - A Thai central bank official shows April 20 a specimen of a 500,000 baht ($13,157) bank note to be issued in commemoration of the golden wedding anniversary of King Bhumibol Adulyadej and Queen Sirikit on April 28. The bill may be the highest denomination note in the world, the bank said. The United States issued $10,000 notes from 1945 to 1969.

Japanese Ten Dollar Banknote - Banana Money

Japanese Ten Dollar Banknote - Banana Money

Japanese government-issued ten dollar banknote. The Japanese dollar was a currency issued by Imperial Japan during the Japanese occupation of Singapore, Malaya, North Borneo, Sarawak, and Brunei (1942 and 1945). The currency was also referred informally (and with contempt!) as 'banana money'. Date: circa 1944

Japanese Five Dollar Banknote - Banana Money

Japanese Five Dollar Banknote - Banana Money

Japanese government-issued five dollar banknote. The Japanese dollar was a currency issued by Imperial Japan during the Japanese occupation of Singapore, Malaya, North Borneo, Sarawak, and Brunei (1942 and 1945). The currency was also referred informally (and with contempt!) as 'banana money'. Date: circa 1944

Buddhist denomination's cemetery in Chiba Pref.

Buddhist denomination's cemetery in Chiba Pref.

TOKYO, Japan - Japanese Buddhist denomination Shinnyo-en's a cemetery with the same shape of tombstone in Kisarazu, Chiba Prefecture, near Tokyo, is seen in this undated photo. Funeral customs and traditions have been changing in Japan. (Kyodo)

Thailand to issue highest denominated bank notes

Thailand to issue highest denominated bank notes

BANGKOK, Thailand - A Thai central bank official shows April 20 a specimen of a 500,000 baht ($13,157) bank note to be issued in commemoration of the golden wedding anniversary of King Bhumibol Adulyadej and Queen Sirikit on April 28. The bill may be the highest denomination note in the world, the bank said. The United States issued $10,000 notes from 1945 to 1969.