RBI stops printing Rs 2,000 notes, focus shifts to Rs 200 notes

The Rs 200 notes have been in print for a while and will be in circulation soon.

The government is likely to stop issuing the new Rs 2,000 note soon. Reports suggested that the RBI has stopped the printing of the Rs 2,000 notes that were introduced in November last year. Instead the RBI has increased the printing of the other denomination notes which includes the Rs 200 notes. The Rs 200 notes have been in print for a while and will be in circulation soon.

A report in the Mint while quoting RBI sources says that around 3.7 billion (370 crore) Rs 2,000 notes, amounting to Rs 7.4 trillion (Rs 7.4 lakh crore), have been printed, a figure that matches up to the 6.3 billion (630 crore) Rs 1,000 notes that were scrapped during demonetisation. Approximately 90 per cent of the notes that are being printed now are the new Rs 500 notes, with nearly 14 billion (1,400 crore) new notes having been printed so far. This is close to the 15.7 billion (1,570 crore) old Rs 500 notes that were withdrawn from circulation.

OneIndia News