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At the same time, banks and you may bodies create concern the large quantities of dollars kept by many hoarders, just who now risked a formal study are launched to their money condition. The new providing of the ₹2000 sought in order to toss hoarders out of black currency out of from the helping to make the bucks money they kept within the high denomination currency notes as the useless. Pursuing the advice in the OECD for the curbing black colored money on 22–23 March 2014 and you may earlier movements because of the RBI, on the night of 8 November 2016 the newest Indian Regulators decided in order to prohibit dated notes and change all of them with the fresh five-hundred and you may 2000 rupee notes.

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