INSUBCONTINENT EXCLUSIVE:
There has been a drastic fall in circulation of Rs 2,000 denomination notes in last three yearsIn November 2021, the number of Rs 2,000
This is a sharp fall, compared to 336.3 crore pieces of these notes, which were in circulation in March 2018.The Rs 2,000 denomination notes
were brought in by the government post demonetisation, with the aim of curbing black money, in November 2016.Giving this detail in
Parliament, minister of state for finance, Pankaj Chaudhary while responding to an unstarred question in Rajya Sabha on Tuesday said that
printing of bank notes of a particular denomination is decided by the government after consulting the Reserve Bank of India (RBI)."As
against 3,363 million pieces (mpcs) of Rs 2,000 denomination banknotes in circulation on March 31, 2018 constituting 3.27 per cent and 37.26
He also said that notes go out of circulation after they get mutilated or soiled.Following the government's demonetisation move on
series of Rs 500 notes were introduced.
