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'Demonetisation 2.0': Rs 2000 note withdrawal sparks meme fest on Twitter

'Demonetisation 2.0': Rs 2000 note withdrawal sparks meme fest on Twitter

While these notes will continue to hold their status as legal tender as of now, individuals are now being requested to deposit them in banks

Pranav Dixit
Pranav Dixit
  • Updated May 20, 2023 11:56 AM IST
'Demonetisation 2.0': Rs 2000 note withdrawal sparks meme fest on TwitterRs 2000 note

In a significant move, the Reserve Bank of India (RBI) announced the withdrawal of the highest-value currency notes of Rs 2000 from circulation in India. While these notes will continue to hold their status as legal tender, individuals are now being requested to deposit them in exchange for smaller denominations.

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The deadline for this exchange has been set for September 30, providing some time for people to make the necessary arrangements. The central bank's decision to withdraw the Rs 2000 notes aims to bolster bank deposits and stimulate credit growth in the country.

The RBI's announcement, made on Friday, has sparked a wave of reactions on social media platforms, particularly on Twitter. Users have taken to the platform to express their thoughts and opinions, and the response has been overwhelmingly funny, with a flood of humorous memes, puns, and witty movie dialogues centred around the short-lived time frame of the currency.

Here are some Twitter reactions:

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ABOUT THE AUTHOR

Pranav Dixit
Pranav Dixit

I don’t just chase stories, I shape them. As an editor and journalist deeply immersed in both technology and luxury, I bring a sharp eye for detail, a bias for clarity over cliché, and a knack for finding the narrative that others miss. Whether I’m unpacking a flagship device or exploring the craftsmanship behind a heritage brand, I approach every piece with precision and purpose.

I’ve interviewed industry leaders from AI pioneers and watchmakers to whisky blenders and hoteliers, and I thrive on asking the kind of questions that lead to real insight, not recycled soundbites. My work bridges deep reporting with a clean, compelling editorial voice, crafted to resonate across platforms and capture the attention of the world’s most discerning audiences.

Published on: May 20, 2023 11:56 AM IST