DelhiDesk: The Reserve Bank of India (RBI) has stopped printing 2000 rupee notes due to their disappearance from the market and the availability of smaller denomination notes. The demonetisation in 2016 led to the printing of 500 and 2000 rupee notes, but since then, the RBI has not printed new 2000 rupee notes. It is reported that 89% of the 2000 rupee notes issued before March 2017 have disappeared from the market within four to five years, and people are not dependent on them for daily transactions.
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Here is the news bullets sorted by DelhiBreakings.com team.
👉 Demonetisation was done in 2016 to get 500 and 1000 rupee notes out of circulation.
👉 RBI started printing 500 and 2000 rupee notes in exchange for old notes.
👉 RBI stopped printing Rs 2000 notes in 2018-19 as smaller denomination notes became easily available.
👉 89% of the Rs 2,000 notes issued before March 2017 disappeared from the market within 4-5 years.
👉 People are not dependent on Rs 2,000 note for regular daily transactions.
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