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Rupees 2,000 Currency Note: In 3 years, 2.44 lakh crore rupees 2000 notes out of circulation

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2,000 Currency Note Update: There has been a drastic reduction in the circulation of Rs 2,000 notes in the country. RBI has released its annual report for the year 2021-22, in which RBI has said that the share of Rs 2,000 notes in the total currency circulation in 2020-21 was 17.3 percent, which has now come down to 13.8 percent.

Rs 2,000 notes being reduced
According to the RBI report, in 2019-20, the number of notes of Rs 5,47,952 in the denomination of Rs 273.98 crore was in circulation, which accounted for 22.6 percent of the total notes in circulation. It has come down to Rs 4,90,195 crore in 2020-21, of which the number was 245.10 crore. But in 2021-22, the number of Rs 2,000 notes in the total currency circulation has come down further to 214.20 crores, with a value of Rs 4,28,394 crores. Now the number of Rs 2,000 notes in the total notes circulation has come down to 1.6 percent in 2021-22, which was 2 percent in 2020-21 and 2.4 percent in 2019-20.

122 crores reduced 2,000 notes in 3 years
Let us tell you that as of March 31, 2018, Rs 336.3 crore 2,000 notes were in circulation, which was 3.27 per cent of the total notes in circulation and 37.26 per cent in value terms. But according to the figures of 31 March 2022, 214.20 crore 2,000 notes have remained in circulation. Which is 1.6 percent of the total notes and has been reduced to 13.8 percent in terms of value.

No printing of Rs 2,000 note after 2018-19
In fact, in the winter session in December 2021, Minister of State for Finance Pankaj Choudhary told Parliament that no fresh orders have been placed for printing Rs 2,000 notes since 2018-19. Explaining the reasons for the decrease in the circulation of 2,000 notes, he said that since 2018-19, no fresh orders have been placed for printing notes, so there has been a decrease in the number of notes of 2,000. At the same time, due to the deterioration of notes, many notes are out of circulation, due to which their number has come down.

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