2000 note on the way out?

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According to a report on The Hindustan Times website, the Reserve Bank of India (RBI) has stopped printing 2,000-rupee notes about five months ago, stepping up instead the production of smaller bills, including a new Rs 200 note

The central bank is also unlikely to print more 2000-rupee notes in the current financial year, they said on condition of anonymity.

The government brought in the 2000-rupee note to quickly tide over a cash crunch from demonetisation, but fewer lower-value currency in circulation meant people struggled to change the big denomination bill.

The RBI’s focus now on printing small bills is aimed at bridging that gap.

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