12.1 C
New Delhi
Friday, December 9, 2022
HomeFinanceHere are the reason for declining 2000 Rs note

Here are the reason for declining 2000 Rs note

No new Rs. 2,000 (2,000 rupee note) notes were imprinted in the monetary years 2019-20, 2020-21, or 2021-2022.

When was the last time you actually saw a 2000 Rupee note? Maybe an extremely quite some time ago. Think about now why this could have occurred. Indeed, the reason for this has at last become clear. As a matter of fact, for the beyond three years, not a solitary note worth Rs 2,000 has been given. In such a circumstance, this note (2000 rupee note) isn’t equivalent available for use.

This has been uncovered in a reaction looked for under a Right to Information (RTI) recorded by news office IANS. On November 8, 2016, the government reported the restriction on the past Rs. 500 and Rs. 1,000 notes, trailed by the presentation of the new notes, which incorporated the Rs. 2000 note.

The number of notes of Rs. 2000 were imprinted in beyond three years
No new Rs. 2,000 notes were imprinted in 2019-20, 2020-21, or 2021-2022, as per RTI. In the monetary year 2016-17, RBI Note Mudran (P) Restricted created 3,5429.91 crore notes with an assumed worth of Rs 2,000. Following this, simply 466.90 crore notes (2000 rupee notes) were imprinted in 2018-19, down from an extremely low 1115.07 crore notes imprinted in 2017-18.

Sharp expansion in the amount of phony cash
In 2015, the RBI delivered new banknotes bearing another numbering plan in all divisions of the Mahatma Gandhi Series-2005. The overall population may rapidly separate bogus cash from authentic money on account of the Noticeable Security capability.

Most of phony money (2,000 rupee notes) found in the monetary framework was of bad quality, and no huge safety efforts were disregarded.

As per the RTI, the RBI gives banks different rules on the most proficient method to stop counterfeit money. For workers/officials of banks and different organizations taking care of huge amounts of money, the national bank regularly arranges preparing workshops on spotting fake notes.

Source

- Advertisment -
- Advertisment -

Our Archieves

- Advertisment -