India new 500- and 2,000-rupee notes (B298, B299) to be introduced 10.11.2016

In a surprise move, India demonetized all 500- and 1,000-rupee notes as of 9 November 2016, “to tackle counterfeiting Indian banknotes, to effectively nullify black money hoarded in cash, and curb funding of terrorism with fake notes.” The old notes can be deposited at any RBI branch with valid proof of identity. The first of the “Mahatma Gandhi (New)” series to be issued are 500- and 2,000-rupee notes.

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B298 (PNL): 500 rupees (US$7.45)
Stone gray. Front: Denomination as registration device; Mahatma Gandhi; RBI seal with tiger and palm tree; lion capital of Ashoka pillar. Back: Gandhi’s eyeglasses; language panel; Red Fort in Delhi. 3-mm wide green-to-blue windowed security thread with demetalized RBI. Watermark: Mahatma Gandhi and electrotype vertical 500. Printer: (ISP). 150 x 63 mm.
a. 2016. Signature 22. Letter: E. Intro: 10.11.2016.

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B299 (PNL): 2,000 rupees (US$30)
Magenta. Front: Denomination as registration device; Mahatma Gandhi; RBI seal with tiger and palm tree; lion capital of Ashoka pillar. Back: Swachh Bharat logo (Gandhi’s eyeglasses); language panel; Mangalyaan (Mars Orbiter Mission space probe). 3-mm wide green-to-blue windowed security thread with demetalized RBI, 2000, भारत (India). Watermark: Mahatma Gandhi and electrotype vertical 2000. Printer: (ISP). 166 x 66 mm.
a. 2016. Signature 22. Letter: None, R. Intro: 10.11.2016.