Delhi: In absence of change, Rs 2,000 note is like having no money

Have you laid your hands on a freshly minted Rs 2,000 note yet? Have you tried spending it? Chances are most shopkeepers will turn you away.

After banks started exchanging the old Rs 500 and Rs1,000 notes after the Prime Minister’s sudden ban, a few account holders have managed to get the new denomination.

But with a shortage of intermediate denominations of Rs 100, Rs 500 and Rs 1,000, the Rs 2,000 note — acquired most likely after hours in queues — proves unusable to buy even basic items.