{
 "no": 27,
 "id": "case-27",
 "sk": 20230519,
 "year": 2023,
 "date": "19 May 2023",
 "cat": "Economic shock",
 "sev": "amber",
 "title": "₹2,000 note withdrawn. A quiet admission",
 "stamp": "Reversed without a reckoning",
 "human": {
  "v": "Ordinary cash users sent back to bank queues to exchange the note",
  "est": true
 },
 "cost": {
  "v": "The note introduced in the 2016 note-ban, quietly withdrawn seven years on",
  "est": false
 },
 "what": "The RBI announced the withdrawal of the ₹2,000 note, the very denomination introduced during the 2016 demonetisation as its supposed replacement currency.",
 "dodge": "Pulling the note was a tacit confession that a centrepiece of the 2016 upheaval had not worked as promised. It came with no acknowledgement of that failure and no account of the disruption both exercises caused.",
 "ministers": [
  {
   "n": "Nirmala Sitharaman",
   "r": "Finance Minister"
  },
  {
   "n": "Reserve Bank of India",
   "r": "Implementing authority"
  }
 ],
 "pos": "The government and RBI called it routine currency management under a clean-note policy.",
 "alt": "Level with the public about what the 2016 note-ban did and did not achieve, instead of unwinding it in silence.",
 "sources": [
  {
   "label": "RBI press release, Rs 2000 note withdrawal (2023)",
   "url": "https://www.rbi.org.in/Scripts/BS_PressReleaseDisplay.aspx?prid=55707",
   "tier": 1,
   "archiveUrl": "http://web.archive.org/web/20260511234459/https://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=55707"
  },
  {
   "label": "BBC, Rs 2000 note and the 2016 demonetisation",
   "url": "https://www.bbc.co.uk/news/world-asia-india-65679657",
   "tier": 2,
   "archiveUrl": "http://web.archive.org/web/20250503073505/https://www.bbc.co.uk/news/world-asia-india-65679657"
  }
 ],
 "caseUrl": "https://whoisresponsible.xyz/case/case-27/"
}