New Rs 1000 Note Goes Viral On Social Media; Is This The Real One? A photograph of the new Rs 1,000 note, with the word ‘specimen’ on it, has emerged on social media. As always, the platforms are buzzing with speculations aplenty.
— RJ ALOK (@OYERJALOK) December 1, 2016
Did social media get the ‘new Rs 1000 note’ right? Has it been photo-shopped or is this the actual note we’ll get to lay our hands on? We don’t quite know yet, but here’s a glimpse of everything that has been happening. See here..
Indian 1000 Rupees Note: Demonetised by the PM Narendra Modi, on 8th Nov, 2016
The Indian 1000-rupee banknote (₹1000) was a denomination of the Indian rupee. It was first introduced by the RBI, under the British rule in 1938 and subsequently demonetised in 1946.
Post-independence, the denomination was once again introduced in 1954. All high-denomination banknotes of 1000, 5000, and 10,000 rupees were demonetised in January 1978, in order to curb unaccounted cash money.
In order to contain the volume of notes in circulation due to inflation the Indian 1000 rupees note was reintroduced in November 2000 as a part of the Mahatma Gandhi Series of banknotes.
On 8 November 2016, the 1000 rupees notes was demonetised by the PM of India Narendra Modi, with the claimed reason as preventing the issue of counterfeit currency and to fight corruption and black money in India.