What will happen to the two thousand rupee note? The Central Government replied


In the last few days, there has been confusion among the general public as to whether the 2,000 note will be discontinued. Also, the government has reduced the two thousand note from circulation. Therefore, the question is whether the government will close the two thousand note. But the central government has answered this in the Lok Sabha. The government has clarified that no decision has been taken to close or stop printing the 2,000 note.

Replying to a written question in the Lok Sabha, Minister of State for Finance Anurag Thakur said that the central government prints notes as per the RBI’s instructions to coordinate the supply and demand of citizens. Thakur also clarified that the government has not taken any decision to close or not print the 2,000 note.

In 2016, the central government canceled 500 and 1,000 notes. After that, the government had introduced new notes of Rs 500 and Rs 2,000. In the last few days, two thousand notes have been disappearing from circulation. Therefore, there was confusion among the people that the two thousand note would be closed again. So is the government going to close the two thousand note now? Such a question was asked in Parliament. Minister of State for Finance Anurag Thakur clarified that the note will not be closed.

The Reserve Bank has not issued a single new Rs 2,000 note in the last one year, 2019-20, and the number of Rs 2,000 notes from banks has been declining in the economy. According to the RBI’s annual report, 2,000 notes worth Rs 1,10,247 crore have been lost in the last two years.

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