Not A Single Rs 2,000 Note Printed In 2019-20, Sharp Rise In Fake Currency Seizures: RBI

by Rahul Gautam Aug 26, 2020 • 06:41 PM Views 912

 

The Reserve Bank of India (RBI) did not print a single Rs 2000 currency note during the year 2019-20, as per the RBI report. The share of Rs 2000 notes in total currencies was 3.3% in March 2018, which has come down to 2.4% in March 2020. During this time, the circulation of Rs 200 and Rs 500 denomination notes have gone up substantially. Rs 2,000 note was issued by RBI on 8 November 2018, the same day, PM Modi announced demonetisation in the country. The report also states that during 2019-20, fake notes of 2,96,695 thousand were seized