The latest report suggests that the Reserve Bank of India has stopped the printing of Rs 2000 notes. The revelation was made by the RBI in a reply to an RTI query. It is learned that the move to stop the printing of Rs 2000 notes is intended to curb the flow of black money. Meanwhile, reports also suggest that the high-value notes will be soon withdrawn from circulation. The Bharatiya Reserve Bank Note Mudran Private Limited has not printed a single banknote of Rs 2,000 denomination in this financial year, the RTI reply said.
Rs 2000 notes were introduced soon after the government's move to ban Rs 500 and Rs 1000 notes on 8th December 2016. While 354 crore Rs 2000 notes were printed in the 2016-17 financial year, the number was reduced to 11 crores in 2017-18 FY. The number of Rs 2000 notes printed in the previous FY was 4.6 crores.
Earlier this year, there were reports on printing of Rs 2,000 notes being stopped, but the government had denied that.
The latest report suggests that the Reserve Bank of India has stopped the printing of Rs 2000 notes. The revelation was made by the RBI in a reply to an RTI query. It is learned that the move to stop the printing of Rs 2000 notes is intended to curb the flow of black money. Meanwhile, reports also suggest that the high-value notes will be soon withdrawn from circulation. The Bharatiya Reserve Bank Note Mudran Private Limited has not printed a single banknote of Rs 2,000 denomination in this financial year, the RTI reply said.
Rs 2000 notes were introduced soon after the government's move to ban Rs 500 and Rs 1000 notes on 8th December 2016. While 354 crore Rs 2000 notes were printed in the 2016-17 financial year, the number was reduced to 11 crores in 2017-18 FY. The number of Rs 2000 notes printed in the previous FY was 4.6 crores.
Earlier this year, there were reports on printing of Rs 2,000 notes being stopped, but the government had denied that.
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