No decision on production of 2,000 rupee notes: Govt
TIMES NEWS NETWORK
New Delhi:05.01.2019
Amid reports of printing of ₹2,000 being stopped, the government on Friday said there has been no decision regarding the 2,000 rupee note production recently.
“Printing of notes is planned as per the projected requirement. We have more than adequate notes of ₹2,000 in the system with over 35% of notes by value in circulation being of ₹2,000,” economic affairs secretary Subhash Chandra Garg said on microblogging site Twitter.
The ₹2,000 rupee note was introduced after the government scrapped ₹1,000 and ₹500 rupee notes on November 8, 2016. The move to introduce the ₹2,000 note had faced criticism at the time of introduction as fears have been expressed that it might lead to hoarding and help money launderers.
The government had made it clear when it introduced the ₹2,000 note that it would watch the need for remonetisation before scaling it down. The RBI had worked its printing presses to churn out the new currencies, accelerate remonetisation. The then economic affairs secretary Shaktikanta Das, who is now the RBI governor, had said that the RBI will monitor the release of the₹ 2,000 rupee notes.
TIMES NEWS NETWORK
New Delhi:05.01.2019
Amid reports of printing of ₹2,000 being stopped, the government on Friday said there has been no decision regarding the 2,000 rupee note production recently.
“Printing of notes is planned as per the projected requirement. We have more than adequate notes of ₹2,000 in the system with over 35% of notes by value in circulation being of ₹2,000,” economic affairs secretary Subhash Chandra Garg said on microblogging site Twitter.
The ₹2,000 rupee note was introduced after the government scrapped ₹1,000 and ₹500 rupee notes on November 8, 2016. The move to introduce the ₹2,000 note had faced criticism at the time of introduction as fears have been expressed that it might lead to hoarding and help money launderers.
The government had made it clear when it introduced the ₹2,000 note that it would watch the need for remonetisation before scaling it down. The RBI had worked its printing presses to churn out the new currencies, accelerate remonetisation. The then economic affairs secretary Shaktikanta Das, who is now the RBI governor, had said that the RBI will monitor the release of the₹ 2,000 rupee notes.
No comments:
Post a Comment