RBI stops printing Rs 2000 notes, focus turns to new Rs 200 notes - News Summed Up

RBI stops printing Rs 2000 notes, focus turns to new Rs 200 notes


About 3.7 billion Rs 2000 notes amounting to Rs 7.4 trillion have been printed, said one of the people cited above. More From Livemint »“Most of the printing that’s being done, about 90% is only Rs 500 notes. Nearly 14 billion pieces of new Rs 500 notes have been printed so far,” this person said. The new batches of Rs 500 notes are expected to ease the shortage of Rs 2000 notes in circulation that is being reported in certain parts of the country. In the initial days of remonetisation, RBI had focused on Rs 2000 notes to quickly increase currency in circulation.


Source: Mint July 25, 2017 15:33 UTC



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