The RBI has reportedly scaled
down the printing of Rs 2000 banknotes. According to the RBI data, there
were 3,285 million pieces of Rs 2000 notes in circulation at end-March 2017. A
year after (on March 31, 2018), there was only a marginal increase in the
number at 3,363 million pieces. Of the total currency in
circulation amounting to Rs 18,037 billion at end-March 2018, Rs 2000 notes
accounted for 37.3 percent, down from 50.2 percent at end-March 2017. The old 500/1000 bank notes that
were scrapped in November 2016 accounted for around 86 percent of the total
currency in circulation at that time.
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Printing of Rs 2000 banknotes decline
By IndianMandarins - 2019-01-04 11:06:10
The RBI has reportedly scaled down the printing of Rs 2000 banknotes. According to the RBI data, there were 3,285 million pieces of Rs 2000 notes in circulation at end-March 2017. A year after (on March 31, 2018), there was only a marginal increase in the number at 3,363 million pieces.
Of the total currency in circulation amounting to Rs 18,037 billion at end-March 2018, Rs 2000 notes accounted for 37.3 percent, down from 50.2 percent at end-March 2017. The old 500/1000 bank notes that were scrapped in November 2016 accounted for around 86 percent of the total currency in circulation at that time.
