The launch of new Indian currency 2016

Highlights RBI to issue the limited number of Rs. 500, Rs. 2000 notes from Nov 10 ATM withdrawals capped to Rs. 2000 till November 11 Banks, ATMs have been ordered to remain shut on Wednesday

Senior government officials and Reserve Bank of India chief Urijit Patel today revealed what the new Rs. 500 and 2000 notes will look like, announcing that these will be launched on Thursday, November 10.

They were addressing a press conference to details next steps after Prime Minister Narendra Modi announced in an address to the nation that Rs. 500 and Rs. 1,000 denomination notes are being withdrawn from midnight. He said that such notes will become “mere paper”.

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