No Rs 2,000 notes printed in FY20, FY21, says Centre
The number of Rs 2,000 notes declined to 249.90 crore as on February 26, 2021, constituting 2.01 per cent and 17.78 per cent of notes in circulation in terms of volume and value, respectively.
BusinessToday.In | March 15, 2021 | Updated 21:54 IST
The central bank had introduced Rs 2,000 currency notes after the Centre demonetised Rs 500 and Rs 1,000 notes on November 8, 2016.
The government on Monday said no new notes of Rs 2,000 denomination were printed in fiscal year 2019-20 and 2020-21 so far.
Printing of banknotes of particular denomination is decided by the government in consultation with the Reserve Bank of India (RBI) to maintain desired denomination mix for facilitating transactional demand of public, Minister of State for Finance Anurag Singh Thakur said in a written reply to the Lok Sabha.