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1-min read

Centre to Phase Out Printing of Rs 2,000 Notes?

Informed sources said that though the pink-coloured notes will not be demonetised, their usage will gradually be brought down with printing of more Rs 500 and Rs 100 notes.

CNN-News18

Updated:July 21, 2017, 10:11 AM IST
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New Delhi: The Centre is planning to gradually phase out printing of the Rs 2,000 notes which replaced the 1,000-rupee notes after demonetisation last year, sources told CNN-News18.

Informed sources said that though the pink-coloured notes will not be demonetised, their usage will gradually be brought down with printing of more Rs 500 and Rs 100 notes.

The government also recently turned down a proposal by the Reserve Bank of India (RBI) to print 100 crore Rs 2,000 notes, sources said.

According to a report in the Economic Times, there has been a sharp drop in the number of Rs 2,000 notes in circulation.

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| Edited by: Swati Sharma
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