Govt indicates printing of Rs 2000 note stopped for now; sufficient currency in circulation

Press Trust of India  |  New Delhi 

The government Friday indicated that of Rs 2,000 bank notes, introduced post-demonetisation in November 2016, has been stopped for now as there is enough stock in circulation.

"We have more than adequate notes of Rs 2,000 in the system with over 35 per cent of notes by value in circulation being of Rs 2,000.

"There has been no decision regarding 2,000 note production recently," the said.

Soon after the sudden decision to ban old Rs 500/1,000 notes by the government, the Reserve Bank had come out with the 2,000 note along with a new look 500 note as part of its massive remonetisation exercise.

The old 500/1,000 that were scrapped in November 2016 accounted for around 86 per cent of the total in circulation at that time.

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First Published: Fri, January 04 2019. 13:00 IST