2000 Rupee Notes are to be banned!?

Sindujaa D N

It is known that prime minister Narendra Modi has taken the decision to cancel large denomination notes. It is known that the Modi government has taken a shocking decision to stop the circulation of Rs.1000 / - Rs.500 notes overnight. If you go to the market with these notes in your pocket as if the average living wage has been reduced to five notes .. the retailers are showing the dots to give.

Such Rs 2,000 notes have recently disappeared. Even in the banks, for a bundle of Rs 2,000 notes, it takes more than two or three days. It is known that the RBI is strategically trying to gradually withdraw Rs 2,000 notes from circulation.

Due to this, the printing of Rs 2,000 notes was stopped. The RBI has stopped printing Rs 2,000 notes for some time. Due to this, 245 crore Rs 2,000 notes were in circulation in the country by march 2021. Now it has been reduced to 214 crore.

That is, the RBI says the number of Rs 2,000 notes in circulation in the market has dropped by 31 crore in a span of thirteen months. The total number of Rs 2,000 notes in circulation across the country fell from 17.3 per cent to 13.8 per cent. At the same time, the RBI says the circulation of Rs 500 notes has increased significantly.

After Rs 2,000 with large notes in circulation, the note became Rs 500. With the systematic withdrawal of Rs 2,000 notes, the available large note became Rs 500. The number of Rs 500 notes in circulation as on march 2021 was Rs 3,867 crore. By the end of march this year, the number had risen to Rs 4,554 crore.

Rs 500 notes account for 34.9 per cent of the total currency notes currently in circulation. Do you know what is the most widely circulated note after Rs.500 notes? Rs.10 note. The total number of currency notes in circulation at present is 13053 crores. Their total value is said to be Rs.31.03 lakh crores. Rs 500 notes account for 73.3 per cent of the total currency in circulation in the country.

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