RBI Stops Printing Of Rs 2,000 Notes To Make Way For New Rs 200 Notes That May Come Out Next Month

So, we are soon going to get our hands on Rs 200 notes as the RBI has begun printing of the currency. And to make sure that we have enough notes, the Reserve Bank of India (RBI) has reportedly stopped the printing of the highest denomination Indian currency note in circulation, Rs 2,000.

The move comes amid reports that the apex bank is all set to release a new denomination, Rs 200 soon.

The central bank had reportedly decided to bring in Rs 200 notes in March after consulting the finance ministry, they said. The notes are going through multiple checks for security and quality at government printing presses.

Mint reported that currently, the focus is on Rs 200 and Rs 500 denominations. 

“Most of the printing that’s being done, about 90% is only 500-rupee notes. Nearly 14 billion pieces of new 500-rupee notes have been printed so far,” the report said quoting an officer.  

With the introduction of a new, yet relatively lower denomination currency note, the RBI is hopping to ease the currency crunch which is still prevalent in most parts since November 2016, when the Rs 500 and Rs 1,000 notes which constituted for more than 85 per cent of the total notes in circulation was withdrawn.

Even after seven months have passed since the deadline to exchange the demonetized notes expired, the RBI hasn't revealed the value of old notes which have come back. 

Recent articles

Galaxy note 10+

Samsung has launched its Galaxy Note 10+ Star Wars special edition ahead of the December 20 release of Star Wars: The Rise of Skywalker.

Galaxy S11

Samsung Galaxy S11 is expected to launch early next year and This 2020 flagship would support 8K video recording.

Galaxy A91

According to the latest leak, Samsung Galaxy A91 may launch in India at the end of this year.

Vivo Y19

Vivo Y19 is currently available in offline stores across India at the starting price of Rs.13,990.

Blind order_Realme X2 Pro

Realme X2 Pro will be launched on November 20 in India. Ahead of the launch, the company has announced the Blind Order sale of realme X2 Pro.

Samsung Galaxy A51

Samsung Galaxy A51, One of the most rumored smartphones is likely to be debut sometime in December 2019.

Realme 5S-display

Realme 5s will launch in India on November 20 alongside Realme X2 Pro.

Amazon Mi days sale has started on November 14 and it will go till November 18. The offers and discounts are available in Mi online stores as well.

Motorola Razr 2019

The new foldable phone- Motorola Razr(2019) was unveiled in Los Angeles. The Motorola Razr price starts at US $1,500.

Vivo U20

Vivo's next U-series smartphone Vivo U20 is all set to launch in India on November 22.