Big disclosure: Printing of 2000 rupee note stopped, the number of notes printed for the last 3 years was ‘0’

Photo:PTI 2000 rupee note

An RTI It has been revealed that no new notes of Rs 2,000 were printed during 2019-20, 2020-21 and 2021-22. The RTI application has revealed that the Reserve Bank of India Note Mudran (P) Limited printed 3,5429.91 crore notes of Rs 2,000 in the financial year 2016-17, a much lower number of 1115.07 crore notes were printed in 2017-18 and 2018-19. By reducing it further, only 466.90 crore notes were printed. The RTI reply received from the Reserve Bank of India Note Mudran (P) Limited showed that the number of currency notes in the denomination of Rs 2,000 was ‘0’ in the financial years 2019-20, 2020-21 and 2021-22.

2000 notes were introduced after demonetisation

The Rs 2,000 note was introduced by the Reserve Bank of India on November 8, 2016, after the government announced the demonetization move banning old Rs 500 and Rs 1,000 notes. A recent reply in Parliament (on August 1) said that as per NCRB data, the number of fake Rs 2,000 notes seized in the country has increased from 2,272 to 2,44,834 between 2016 and 2020. As per the data, the total number of counterfeit Rs 2,000 notes seized in the country in 2016 was 2,272, which increased to 74,898 in 2017, which declined to 54,776 in 2018. This figure stood at 90,566 in 2019 and 2,44,834 in 2020.

Easy to identify counterfeit notes

RBI had issued banknotes in all denominations in the Mahatma Gandhi Series-2005 with a new numbering pattern in 2015. With visible security features the general public can easily distinguish the counterfeit note from the real one. More than 90 per cent of counterfeit notes detected in the banking system were of inferior quality and no key security feature was compromised. The details of the security features of these notes are displayed for the general public on the RBI’s website, said the reply in Parliament. It also said that RBI issues various instructions to banks on measures to prevent counterfeit notes. The central bank regularly conducts training programs on detecting counterfeit notes for employees/officers of banks and other organizations handling large amounts of cash.

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