Two years after its launch, India stops printing new Rs 2,000 notes: Report

[Kool_SRG]

The govt has done it gradually stop the high denomination note's circulation

The government of India has stopped printing Rs 2,000 currency notes in order to gradually stop their circulation, ThePrint reported.

According to The Print, the decision has been taken on the back of suspicion in the government that the currency note was being used for hoarding, tax evasion and money laundering.

The Rs 2,000 note was introduced in November 2016 after demonetisation. To counter the massive cash shortage, the government introduced new Rs 2,000 notes.

As of March 2018, the total value of the currency in circulation was Rs 18.03 trillion, of which Rs 6.73 trillion, or 37 per cent, was in Rs 2,000 notes, and Rs 7.73 trillion, approximately 43 per cent, in Rs 500 notes. The remaining was in the lower denominations.

When the Rs 2,000 note was introduced, the Narendra Modi government was criticised for bringing out a note of such a high denomination considering it had cancelled the Rs 1,000 note. Its introduction was criticised as it went against one of the stated objectives of demonetisation, which was to prevent hoarding of black money through high denomination notes.

[argadorn]

elections kosam aparu uncle .. elections amlli vachesthadhi 

[Kool_SRG]

The printing of Rs 2,000 bank note, introduced post-demonetisation in November 2016, has been reduced to the "minimum" by the Reserve Bank, a top finance ministry officiial said on Thursday.

[JollyBoy]

3 minutes ago, Kool_SRG said:

The govt has done it gradually stop the high denomination note's circulation

The government of India has stopped printing Rs 2,000 currency notes in order to gradually stop their circulation, ThePrint reported.

According to The Print, the decision has been taken on the back of suspicion in the government that the currency note was being used for hoarding, tax evasion and money laundering.

The Rs 2,000 note was introduced in November 2016 after demonetisation. To counter the massive cash shortage, the government introduced new Rs 2,000 notes.

As of March 2018, the total value of the currency in circulation was Rs 18.03 trillion, of which Rs 6.73 trillion, or 37 per cent, was in Rs 2,000 notes, and Rs 7.73 trillion, approximately 43 per cent, in Rs 500 notes. The remaining was in the lower denominations.

When the Rs 2,000 note was introduced, the Narendra Modi government was criticised for bringing out a note of such a high denomination considering it had cancelled the Rs 1,000 note. Its introduction was criticised as it went against one of the stated objectives of demonetisation, which was to prevent hoarding of black money through high denomination notes.

frint sese mundu telida

[Mitron]

Debbaki black money out 

[Kool_SRG]

5 minutes ago, JollyBoy said:

frint sese mundu telida

Same CBN briefed but pattinchukola pushpams antunna telugu tammullu....

[Kool_SRG]

5 minutes ago, Mitron said:

Debbaki black money out 

Already chala matuku poyindi no...

[Ara_Tenkai]

2 minutes ago, Kool_SRG said:

Already chala matuku poyindi no...

poyindi antava bro... edo oka loophole vethukkunnaru... plastic currency ekkuva chesthe better kani mana sagam population not familiar with technology... dabbu misplace ayye chances ekkuva...

[Kool_SRG]

4 minutes ago, Ara_Tenkai said:

poyindi antava bro... edo oka loophole vethukkunnaru... plastic currency ekkuva chesthe better kani mana sagam population not familiar with technology... dabbu misplace ayye chances ekkuva...

Poyindi anukunnollaki poyindi ledu anukunte ledu ela kaavalante ala anukovatame....

[Deadp0ol2]

2000s, 500s malli ban sesi only 100s 50s pettale

[Kool_SRG]

Just now, Deadp0ol2 said:

2000s, 500s malli ban sesi only 100s 50s pettale

Ayyi printing sesetappatiki demontised notes value kante printing karchule ekkuvayitaayi emo 

[Deadp0ol2]

1 minute ago, Kool_SRG said:

Ayyi printing sesetappatiki demontised notes value kante printing karchule ekkuvayitaayi emo 

credit & online transactions penchaale...nishaani gaalaki already paytm vaadtunaaru kada...cash takkuva cheseyaale

[Mitron]

12 minutes ago, Deadp0ol2 said:

2000s, 500s malli ban sesi only 100s 50s pettale

 

10 minutes ago, Kool_SRG said:

Ayyi printing sesetappatiki demontised notes value kante printing karchule ekkuvayitaayi emo 

Avi kooda teesesi 10 5 2 1 pettali

[Android_Halwa]

2000 rupees note will be history sooner or later. it is part of a bigger game plan.

The moment govt introduced 200 rupee note, its evident that 2000 rupee will not last for long or perhaps, couple more years if NDA returns to power again.

[Ara_Tenkai]

36 minutes ago, Deadp0ol2 said:

2000s, 500s malli ban sesi only 100s 50s pettale

mana indian rateski and inflation ki avi saripovu...not many can use technology for payments and money transfer.