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In 1938, the RBI issued the first Rs. 10,000 note. In January 1946, it was demonetised, although it was brought back in 1954. In 1978, it was ultimately demonetised forever.

To mitigate the risk of introducing a new technology in currency circulation, RBI will design the characteristics of Digital Rupee closer to paper currency and introduce it in a seamless manner. Official launch may happen after 31 March 2023.

There are two places where these notes can be exchanged or deposited ? banks and post offices. For banks, all national and private banks in India have been instructed to have the notes exchanged or deposited.

Demonetisation was first implemented in India in 1978, when the Janata Party alliance decided to abolish old 10,000, 1000 & 500 INR banknotes in order to battle black wealth.

The Finance Ministry denies demonetizing ?500 notes and reintroducing ?1,000 notes, stating there is enough buffer stock of other denominations.

A. Dimensions of business environment highlighted above are: Political dimension: 'The government of India announced Demonetization of ? 500 and ? 1,000 currency notes with effect from the midnight of November 8, 2016. '

On November 8, 2016, Prime Minister Narendra Modi in a televised address to the nation announced the demonetisation of Rs 500 and Rs 1,000 notes, which ceased to be legal tenders. Simultaneously, the government and the RBI announced the issuance of new Rs 500 and Rs 2,000 banknotes.

On November 8, 2016, Prime Minister Narendra Modi in a televised address to the nation announced the demonetisation of Rs 500 and Rs 1,000 notes, which ceased to be legal tenders.

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Companies use different methods of protection against exchange rate fluctuations. The easiest strategy is to invoice and contract only in U.S. dollars, keeping expenses and revenues in the same currency.