No decision to stop printing Rs 2000 notes

KT NEWS SERVICE. Dated: 9/20/2020 12:49:42 PM

NEW DELHI, Sep 19: Minister of State for Finance Anurag Thakur on Saturday said no decision has been taken to discontinue the printing of Rs 2000 denomination bank notes, though no indent was placed for printing them in the years 2019-20 and 2020-21.
He disclosed this in a written reply in the Lok Sabha on a question by Dr Pritam Munde and Chandra Sekhar Sahu. He said printing of the bank notes of particular denomination is decided by the government in consultation with the RBI to main desired mix for facilitating transactional demand of the public.
The minister said there were 32,910 lakh pieces of Rs 2000 notes in circulation on March 31, 2019 which dropped in a year to 27,398 lakh pieces on March 31, 2020. Their value in crores was Rs 6,58,199 crore and Rs 5,47,952 respectively.
The printing of notes had stopped temporarily in view of the nationwide lockdown due to Covid-19 pandemic, but the note printing presses resumed production in a phased manner. The minister said that even during the lockdown, the note printing presses uninterruptedly supplies notes to the RBI offices and the currency chests from the available stock.

 

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