Monday , May 28 2018
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RBI Ready to stop 2000 notes..!

So RBI stops the printing of New 2000 notes and focuses on Printing 500 And new 200 notes which will be in circulation from August..
According to sources RBI’s Mysore press already has been started the printing of New Currency Notes of 200.
We all knows Government brought 2000 notes at the time of demonetization when we had faced cash crunch, but fewer lower-value currency in circulation meant people struggled to change the big denomination bill.


Let’s talk about some demonstration’s facts RBI already circulates 3.7 billion 2,000-rupee notes value of Rs 7.4 trillion have , and more than compensates for the 6.3 billion 1,000-rupee bills withdrawn from November 8 and almost 14 billion 500 currency notes are circulated.


Current Circulation data of RBI shows that currency in circulation is now Rs 15.22 trillion as on 14 July, eight months after demonetization. This is about 86% of the Rs 17.7 trillion that was in circulation on November 4.
as we know stooping the printing of 2000 noted will effect in money circulation which we will recovered by 500 and 200 currency notes.

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