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Reserve Bank of India is not printing new notes of two thousand for the last four years

Information revealed in the annual report of the Central Bank for the year 2021-22

In the annual report of the Central Bank for the year 2021-22, such details have come out that after the Reserve Bank of India stopped printing new 2000 notes for four years in the country, the share of these notes in the total currency has been declining. .

Let us tell you that on November 8, 2016, the then and current Prime Minister of the country, Narendra Modi, canceled the country’s highest 500 and 1000 rupee notes and ordered them to be deposited in the bank within 60 days. Due to the high quantity of notes canceled at this time, the central government had introduced new notes of Rs 10, 20, 50, 100, 500, 2000 rupees in the market. At this time the new note of two thousand was the center of attraction among the people. After which all these currency are running in the market. However, after the year 2018-19, the Reserve Bank has stopped printing these new notes.

Significantly, according to the annual report of the Reserve Bank, till March 2022, the share of Rs 2,000 notes in the total currency notes in the country’s currency was 13.8 percent, compared to 17.3 percent in the previous year. As of March 2022, a total of 214 crore 2000 notes are now in circulation in the country. Which was Rs 245 crore last year. However, the Reserve Bank has now started printing more than 500 notes.

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.
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