2,000 rupees currency notes Printing: Several speculations are being made in the country about the 2000 rupee currency note. Meanwhile, the government has given important information in this regard in the Parliament. Minister of State for Finance Anurag Thakur said in a written reply to a question in the Lok Sabha on Monday that since April 2019 currency notes of 2000 rupees have not been printed. This initiative is being seen to curb attempts to hoard high-value currency notes. In the same way, there are many more.
Minister of State for Finance Anurag Thakur said that as of 20 March 2018, 336.2 crore currency notes of 2000 denomination were in circulation. Which is 3.27 percent of the total volume in the system. At the same time, according to the data as of 26 February 2021, there was 249.9 crore currency of 2000 denomination in circulation, which has been reduced to 2.01 percent of total currency in circulation.
The Minister of State for Finance said that after consulting the Reserve Bank, the government decides to print a banknote of a special denomination. In this, the demand coming from the public in relation to the transaction is kept in mind.
In 2019, the Reserve Bank said that 354.29 crore banknotes of Rs 2000 denomination were printed during the financial year 2016-17. However, 11.15 crore new notes of 2000 rupees were printed during 2017-18 and 4.66 crore new notes were printed in 2018-19.
2000 notes printed for the first time in November 2016
The currency notes of 2000 rupees were printed in the country in November 2016 for the first time. The government had decided to print Rs 2000 denomination notes after withdrawing currency notes of 500 and 1000 rupees from circulation. The purpose of demonetisation was to curb black money and fake currency.
Later, the government has also introduced new notes of 500 rupees in circulation. However, banknotes of 1000 rupees have not yet been started in circulation. Currently, 500, 100, 50, 20, 10 and 5 rupee notes are in circulation in the system, apart from 2000 rupees.