RBI has stopped printing ₹ 2000 notes

October 15: The Reserve Bank of India (RBI) has stopped printing Rs 2,000 denomination currency notes. This was revealed by the RBI while giving its response to a RTI filed by the New Indian Express. As per the report, the Bharatiya Reserve Bank Note Mudran has not printed a single note of Rs 2,000 this financial year.

The New Indian Express said in a report stated that 3,542.991 million notes of Rs 2,000 were printed during the financial year 2016-17, the RBI has said in its reply to the RTI. The numbers came down to 111.507 million notes in 2017-18 and was further reduced to 46.690 million notes in the year 2018-19. The RTI further revealed that RBI has not printed a single Rs.2000 note this financial year.

The printing of 2,000 rupee notes has been substantially reduced. It has been decided to limit the printing of 2,000 currency notes to minimum. The move is seen as an attempt to prevent hoarding of the high-value currency and thus, curb black money. The Rs 2,000 notes were introduced in November 2016 post-demonitosation, soon after the Narendra Modi-led government at the Centre decided to withdraw Rs 500 and Rs 1,000 notes in an attempt to curb black money and fake currencies.