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A demand to gradually phase out 2,000 rupee currency notes was made in the Rajya Sabha on Monday with BJP MP Sushil Kumar Modi saying citizens holding such banknotes should be given two years to deposit them.
What is interesting is that the Rs 2000 currency notes in circulation have declined from 3,362 million pieces in 2018 to 2,142 million pieces in 2022, this marks a percentage decline of over 36 per cent.
Demonetisation: PM Modi had announced to discontinue old series of Rs 500, Rs 1000 bank notes on December 8, 2016.
As of February 26, 2021, 2,499 million pieces of Rs 2,000 notes were in circulation, constituting 2.01 per cent and 17.78 per cent of banknotes in terms of volume and value, respectively.
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 denom...