2000 note on the way out?


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.

You might also like More from author

Leave A Reply

Your email address will not be published.