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Indian 1000-rupee note: Difference between revisions
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{{Short description|Obsolete denomination of the Indian Currency}} | |||
{{Use dmy dates|date=March 2018}} | {{Use dmy dates|date=March 2018}} | ||
{{Use Indian English|date=March 2018}} | {{Use Indian English|date=March 2018}} | ||
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|Withdrawn from circulation=Midnight 8-9 Nov 2016}} | |Withdrawn from circulation=Midnight 8-9 Nov 2016}} | ||
The '''Indian 1000-rupee banknote''' ({{Indian Rupee}}1000) was a denomination of the [[Indian rupee]]. It was first introduced by the [[Reserve Bank of India]] in 1938 under British rule and subsequently demonetized in 1946. Post-independence, the denomination was re-introduced in 1954. In January 1978, all high-denomination banknotes of {{Indian Rupee}}[[ | The '''Indian 1000-rupee banknote''' ({{Indian Rupee}}1000) was a denomination of the [[Indian rupee]]. It was first introduced by the [[Reserve Bank of India]] in 1938 under British rule and subsequently demonetized in 1946. Post-independence, the denomination was re-introduced in 1954. In January 1978, all high-denomination banknotes of {{Indian Rupee}}[[Indian 1000-rupee note|1000]], {{Indian Rupee}}[[Indian 5000-rupee note|5000]], and {{Indian Rupee}}[[Indian 10000-rupee note|10000]] were demonetized in order to curb unaccounted cash money.<ref>{{cite web|url=http://www.rbi.org.in/scripts/FAQView.aspx?Id=39#9 |title=Demonetization of higher denomination banknotes |work=Your Guide to Money Matters |publisher=Reserve Bank of India |access-date=11 January 2012 |url-status=dead |archive-url=https://web.archive.org/web/20120112123135/http://www.rbi.org.in/scripts/FAQView.aspx?Id=39 |archive-date=12 January 2012 }}</ref><ref>{{cite web |url=http://www.rbi.org.in/currency/museum/p-rep.html |title=India Paper Money A Retrospect |work=Republic India Issues |publisher=Reserve Bank of India |access-date=11 January 2012 |archive-date=18 January 2012 |archive-url=https://web.archive.org/web/20120118054306/http://www.rbi.org.in/currency/museum/p-rep.html |url-status=dead }}</ref> | ||
In order to contain the volume of banknotes in circulation due to inflation, the {{INR}}1000 banknote was again re-introduced in November 2000, under the government of Atal Bihari Vajpayee, as a part of the [[Mahatma Gandhi Series]] of banknotes; these were [[2016 Indian banknote demonetisation|demonetized]] on 8 November 2016 by the Prime Minister of India [[Narendra Modi]], with the claimed reasons of preventing the issue of counterfeit currency and to fight [[corruption in India|corruption]] and [[black money in India]]. | In order to contain the volume of banknotes in circulation due to inflation, the {{INR}}1000 banknote was again re-introduced in November 2000, under the government of Atal Bihari Vajpayee, as a part of the [[Mahatma Gandhi Series]] of banknotes; these were [[2016 Indian banknote demonetisation|demonetized]] on 8 November 2016 by the Prime Minister of India [[Narendra Modi]], with the claimed reasons of preventing the issue of counterfeit currency and to fight [[corruption in India|corruption]] and [[black money in India]]. | ||
==Mahatma Gandhi New Series== | ==Mahatma Gandhi New Series== | ||
On 10 November 2016, the then [[Secretary to Government of India|Economic Affairs Secretary]] [[Shaktikanta Das]] announced a new {{INR}}1000 banknote would be released in the [[Mahatma Gandhi New Series]] in the coming months.<ref>{{cite web|url=http://www.thehindubusinessline.com/money-and-banking/rbi-to-issue-1000-100-50-with-new-features-design-in-coming-months/article9328285.ece|title=RBI to issue ₹1,000, ₹100, ₹50 with new features, design in coming months|publisher=[[The Hindu Business Line]]|access-date=10 November 2016}}</ref> But on 22 February 2017, Das walked back on his earlier announcement to deny it, saying there was no plan to reintroduce the banknote.<ref>{{cite news |title=No new Rs 1,000 notes are being printed: Shaktikanta Das |url=https://www.business-standard.com/article/economy-policy/no-new-rs-1-000-notes-are-being-printed-shaktikanta-das-117022200232_1.html |work=Business Standard |agency=ANI |date=22 February 2017}}</ref> | |||
On 10 November 2016, the then [[Secretary to Government of India|Economic Affairs Secretary]] [[Shaktikanta Das]] announced a new {{INR}}1000 banknote would be released in the [[Mahatma Gandhi New Series]] in the coming months.<ref>{{cite web|url=http://www.thehindubusinessline.com/money-and-banking/rbi-to-issue-1000-100-50-with-new-features-design-in-coming-months/article9328285.ece|title=RBI to issue ₹1,000, ₹100, ₹50 with new features, design in coming months|publisher=[[The Hindu Business Line]]|access-date=10 November 2016}}</ref> | |||
==Mahatma Gandhi Series==<!-- | ==Mahatma Gandhi Series==<!-- | ||