RBI Scales Down Printing of Rs.2000 Rupee Note : Finance Ministry Official

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RBI Rs.2000 Note Printing News 

Two years after demonetization ,The Reserve Bank of India (RBI) has scaled down the priniting of Rs.2000 Indian Currency note . According to news agency PTI, Finance ministry official said that the printing of 2000 rupee notes has been reduced to the ‘minimum” by Reserve Bank .

Soon after the shock decision of Note Ban by the BJP led NDA Government , the RBI had come out with Rs.2000 and Rs.500 Indian currency note as part of its massive remonetisation exercise.

At the point when the Rs. 2,000 note was propelled, it was chosen that the printing would be “downsized” going ahead, since the new high-cash esteem note was intended for meeting the remonetisation require.

As per the RBI information, there were 3,285 million bits of Rs. 2,000 notes available for use at end-March 2017. A year after (on March 31, 2018), there was just a minor increment in the number at 3,363 million pieces.

Of the aggregate money available for use adding up to Rs. 18,03,700 crore at end-March 2018, Rs. 2,000 notes represented 37.3 percent, down from 50.2 percent at end-March 2017. The old 500 and 1,000 rupee monetary orders that were rejected in November 2016 represented around 86 percent of the aggregate money available for use around then.

News Source : NDTV

Tags : 2000 noteRB Stops Printing Rs.2000 NoteRs.2000 note banRs.2000 Note News

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