Rs 2,000 Notes Have not Been Revealed In Closing 2 Years, Minister Tells Parliament
There was once a drop in circulate of the two,000-rupee observe, Minister Anurag Thakur mentioned.(Representational)
New Delhi:
Rs 2,000 notes have no longer been revealed within the ultimate two years, the Finance Ministry mentioned lately in parliament to a query on why the forex notes offered after demonetization in 2016 have been hardly ever in circulate now.
2000-rupee notes weren’t despatched to the printing press in 2019-20 and 2020-21, Minister of State for Finance Anurag Thakur mentioned within the Lok Sabha.
In a query, MDMK MP A Ganeshamurthi had requested whether or not the federal government was once acutely aware of the truth the circulate of Rs 2,000 forex notes a few of the folks was once “very low” and it was once no longer to be had in banks and ATMs even.
“The printing of banknotes of explicit denomination is made up our minds by way of the federal government in session with the Reserve Financial institution of India (RBI) to take care of desired denomination combine for facilitating transactional call for of public,” Anurag Thakur answered, explaining that the printing of forex was once call for primarily based.
The verdict was once additionally taken in line with whether or not it was once handy to make use of. There was once a drop within the circulate of the two,000-rupee observe, the minister mentioned.
Closing yr, a best authentic had mentioned 2,000 rupee notes constituted 35 consistent with cent of the full circulate.
The crimson banknotes have been offered in conjunction with new Rs 500 forex after Top Minister Narendra Modi introduced in November 2016 that previous Rs 500 and Rs 1,000 notes could be scrapped.
Due to this fact, new Rs 500, 200, 100 and 50 notes flooded the marketplace, and the very best forex – Rs 2,000 – was once used much less and les
