Will you stop printing the note of 2000 rupees? Explanation by the Central Government

2000 rupees printing news
2000 rupees printing news

The Center has made it clear that it has not decided to stop printing Rs 2,000 notes. Asked in the House on Saturday, Finance Minister Anuradh Thakur said he would not stop printing. According to Anurag Thakur, the Reserve Bank of India (RBI) and the central government will make a decision on maintaining the printing of banknotes required to facilitate the financial transactions of the public.

2000 rupees
2000 rupees

According to Anurag Thakur, the government has not decided to stop printing Rs 2,000 notes. Rs 2,000 notes worth Rs 273.98 crore are in circulation at present. The printing of notes was also suspended as part of lockdown to reduce the spread of COVID. He added that printing resumed on May 4. However, in the years 2019-2020 and 2020-2021.

2000 rupees printing
2000 rupees printing

In 2019, it was 32910 lakh notes. Asked about the printing of the note in the context of COVID, the Minister clarified that the Reserve Bank has suspended the note in the wake of the lockdown proceedings. At the same time, the Minister said that note printing presses have resumed production in phases as per the guidelines issued by the Central and State Governments. Reserve Bank of India Note Mudran Pvt Ltd (BRBNMPL) has suspended printing operations from March 23 to May 3, 2020. According to the RBI’s annual report, the circulation of 2000 notes has been declining every year.