2.4 C
New York
Saturday 27 November 2021

Buy now

Ad

HomeEconomyDemonetisation of Rs 2,000? Govt says printing stopped for now; sufficient currency...

Demonetisation of Rs 2,000? Govt says printing stopped for now; sufficient currency in circulation

|

New Delhi: The government Friday indicated that printing of Rs 2,000 bank notes, introduced post-demonetisation in November 2016, has been stopped for now as there is enough stock in circulation.

Earlier, ThePrint had reported, citing a source, that the printing of Rs 2,000 notes had been stopped “in a bid to slowly reduce their circulation”. It wrote, “The cut in circulation does not mean the Rs 2,000 notes will become invalid. In all likelihood, the denomination will be gradually phased out.”

In a tweet, economic affairs secretary Subhash Chandra Garg said printing of notes is planned as per the projected requirement.

“We have more than adequate notes of Rs 2,000 in the system with over 35% of notes by value in circulation being of Rs 2,000. There has been no decision regarding Rs 2,000 note production recently,” the secretary said.

Soon after the sudden decision to ban Rs 500 and Rs 1,000 notes by the government, the Reserve Bank had come out with the 2,000 rupee note along with a new look 500 rupee note as part of its massive remonetisation exercise. But these notes are again leading to hoarding by cash stashers, according to an intelligence report, said a source.

The old notes of denominations 500 and 1,000 that were scrapped in November 2016 accounted for around 86% of the total in circulation at that time.

As of March 2018, the total value of the in circulation was Rs 18.03 lakh crore, of which Rs 6.73 lakh crore, or 37%, was in Rs 2,000 notes, and Rs 7.73 lakh crore, approximately 43%, in Rs 500 notes. The remaining was in the lower denominations.

Sirf News needs to recruit journalists in large numbers to increase the volume of its reports and articles to at least 100 a day, which will make us mainstream, which is necessary to challenge the anti-India discourse by established media houses. Besides there are monthly liabilities like the subscription fees of news agencies, the cost of a dedicated server, office maintenance, marketing expenses, etc. Donation is our only source of income. Please serve the cause of the nation by donating generously.

Support pro-India journalism by donating via UPI to surajit.dasgupta@icici

महाभारत का एक श्लोक अधूरा पढ़ा जाता है क्यों...??

शायद गांधी जी की वजह से...

"अहिंसा परमो धर्म:"

जबकि पूर्ण श्लोक इस तरह से है:-

"अहिंसा परमो धर्म:,
धर्म हिंसा तदेव च"।

अर्थात :- अहिंसा मनुष्य का परम धर्म है...
किंतु धर्म की रक्षा के लिए हिंसा करना उससे भी श्रेष्ठ है...!!

আটক ৭ কোটি ৩৫ লাখ! বাংলাদেশে ভারতীয় জাল নোট সহ গ্রেফতার ২

#Bangladesh #IndianNote #ZEE24Ghanta

दिल्ली की जामा मस्जिद की फोटो
ध्यान से देखे एवं समझे - इतनी जगह खाली पड़ी है, पर नमाज जानबूझकर सड़क पर पढ़ते हैं। क्या इनका उद्देश्य यह जताना है
कि हम कोई कानून नहीं मानते ??

South Africa and Netherlands have mutually agreed to postpone the ongoing #CWCSL ODI series.

Details 👇

https://bit.ly/3FV9AfM

Congress General Secretary Smt @priyankagandhi ji addressed Pratigya Rally in Mahoba, Uttar Pradesh.
#बदलाव_की_आवाज़_प्रियंका

4
Read further:

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Now

Columns

[prisna-google-website-translator]