New Delhi: Rs 2,000 notes are slowly depreciating, largely due to the fact that less than Rs 2,000 notes have been coming out of ATMs in the last few months. Recently, there have been several reports that the government has banned the printing of Rs 2,000 currency. On which the government has now clarified in Parliament.
Minister of State for Finance Anurag Singh Thakur told the Lok Sabha that the government has not yet taken any decision to stop printing Rs 2,000 notes. In a written reply to the Lok Sabha, Thakur said that the government decides to print notes of certain denominations after consulting the Reserve Bank of India (RBI).
The Minister of State for Finance said that no demand letter has been sent for printing 2000 notes in the financial years 2019-20 and 2020-21. But despite this the government has not taken any decision to stop printing the notes. He told Parliament that as on March 31, 2020, 27,398 lakh notes of Rs 2,000 were in circulation. As on March 2019, 32,910 lakh notes were in circulation. At the end of 2018, the number of 2,000 notes in circulation was 33,632 lakh.
According to the Reserve Bank’s annual report for 2019-20, the number of 2000 notes in circulation at the end of March 2018 was 33,632 lakh, which declined to 32,910 lakh by the end of March, 2019. By the end of March 2020, the number of 2,000 notes in circulation had further declined to 27,398 lakh.