The day might perhaps well fair soon come when getting to peek a Rs 2,000 sign will most doubtless be a rarity. Even now the preference of notes in circulation has long previous down vastly.
The total preference of forex notes of Rs 2,000 denomination in circulation on the tip of March 2020, in step with the RBI, stood at 27,398 lakh pieces.
The RBI has now no longer printed a single recent sign of Rs 2000 denomination in the 22 months ending March 2020.
The Bharatiya Reserve Monetary institution Show Mudran Pvt Ltd (BRBNMPL), which works beneath the Reserve Monetary institution of India (RBI), did now no longer print even one Rs 2,000 sign in the calendar years of 2019 and 2020.
Even in the twelve months 2018, the forex printing press had printed excellent 467 lakh pieces of Rs 2,000 denomination. This data used to be shared by the BRBNMPL in step with a Correct to Knowledge (RTI) quiz filed by India At the current time.
Based on our put a query to, on the preference of Rs 2,000 forex notes which had been printed in 2020, the RBI said quantity printed in million pieces sooner or later of the calendar twelve months 2020 from 01-Jan-2020 to 30-June-2020 is “nil”.
In the same trend, to a quiz in regards to the preference of notes printed between 01-Jan-2019 to 31-Dec-2019, the BRBNMPL said that now no longer a single Rs 2,000 sign used to be printed sooner or later of the interval.
The Rs 2,000 sign is the very best denomination forex in India and used to be launched after the government announced demonetisation of existing notes of Rs 500 and Rs 1,000 denominations on November 8, 2016.
Responding to our quiz in regards to the preference of the very best denomination notes printed in the calendar twelve months 2018, the BRBNMPL said forex notes of Rs 2,000 denomination used to be most efficient printed twice that twelve months.
In April 2018, 184 lakh pieces of Rs 2,000 denominations were printed and in Could well also fair 2018, but any other 282 lakh pieces were launched. The last 10 months of the fiscal did now no longer take a look at a recent Rs 2,000 sign coming into circulation.
In accordance with the RBI’s annual document, the preference of Rs 2,000 forex notes in circulation had come down from 33,632 lakh pieces at quit-March 2018 to 32,910 lakh pieces at quit-March 2019.
By the tip of March 2020, it further came down to 27,398 lakh pieces. Response to our RTI queries and the RBI’s annual document deem a trend suggesting that a acutely conscious option has been taken to bring down the section of Rs 2,000 notes in circulation.