RBI Scrapping Rs 2,000 Notes & Releasing Rs 1,000? No, It’s a Hoax
RBI may either be holding back Rs 2,000 notes or could have stopped printing high denomination currency, says a SBI report.
RBI may either be holding back Rs 2,000 notes or could have stopped printing high denomination currency, says a SBI report.(Photo: AP/Altered by The Quint)

RBI Scrapping Rs 2,000 Notes & Releasing Rs 1,000? No, It’s a Hoax

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Don’t fall for fake news, click here to check out The Quint’s WebQoof stories.  

CLAIM

A message is being widely circulated on social media that claims the Reserve Bank of India (RBI) is taking back all the 2,000 rupee notes and releasing new Rs 1,000 notes.

The viral message reads “Reserve Bank taking back all the Rs.2000/- notes. You can only exchange Rs.50,000/- in 10 days. So, kindly start changing your 2000/- notes immediately. After 10th October 2019 you cannot change your Rs.2000 notes.”

Various Facebook accounts making the claim
Various Facebook accounts making the claim
(Photo Courtesy: Facebook)
The message got circulated on Twitter, too
The message got circulated on Twitter, too
(Photo Courtesy: Twitter)
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WHAT IS THE TRUTH?

The Quint could verify that the message is a hoax and the central bank has no such plans, as mentioned.

To verify the message, The Quint accessed the official website of RBI but could not find any such notification.

Moreover, an RBI official confirmed the same. “There's no notification from our side. All communications from the RBI appear on our website. Please don't believe in rumours," Yogesh Dayal, CGM, Department of Communication, RBI said, speaking to The Quint.

(Photo: Shruti Mathur/The Quint)

Also Read : RBI Likely to Cut Repo Rate Again, EMIs Set to Become Cheaper

Not the First RBI-Related Hoax

This isn’t the first occasion on which the central bank has been at the centre of spreading hoax or fake news.

The Quint has debunked two such fake news in the past 10 days itself. On 26 September, in the days following the PMC Bank crisis, a message went viral suggesting that RBI is shutting down nine banks. The message however turned out to be a hoax.

Also Read : Viral Message Claiming RBI Is Planning to Close 9 Banks Is a Hoax

On 5 September, The Quint received a query on whether the central bank has issued currency notes of Rs 2, Rs 3 and Rs 500 and Rs 100, Rs 125, Rs 1,000 coins.

Also Read : Has Reserve Bank of India Released New Currency? No, Its Fake News

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