New Delhi: Amidst the rumors going on in the country about the 2000 rupee currency note, the government has given an important information in this regard in the Parliament. In a written reply to a question in the Lok Sabha, Minister of State for Finance Anurag Thakur said on Monday that since April 2019 currency notes of 2000 rupees have not been printed. This initiative is being seen to curb attempts to hoard high value currency notes.
Minister of State for Finance Anurag Thakur said that as of 20 March 2018, 336.2 crore currency notes of 2000 denomination were in circulation. Which is 3.27 percent of the total volume in the system. At the same time, according to the data as of 26 February 2021, there was 249.9 crore currency of 2000 denomination in circulation, which has been reduced to 2.01 percent of total currency in circulation.
The Minister of State for Finance said that after consultation with the Reserve Bank, the government decides to print a banknote of a particular denomination. In this, the demand coming from the public in relation to the transaction is kept in mind.
In 2019, the Reserve Bank said that 354.29 crore banknotes of Rs 2000 denomination were printed during the financial year 2016-17. However, 11.15 crore new notes of 2000 rupees were printed during 2017-18 and 4.66 crore new notes were printed in 2018-19.