Wednesday, June 29, 2022
BusinessCirculation of Rs.2000 notes continues to fall say RBI

Circulation of Rs.2000 notes continues to fall say RBI

According to the Reserve Bank of India, the circulation of 2,000 rupee notes continues to decline.

New Delhi: According to the Reserve Bank of India, the number of 2000 rupee notes has been steadily declining over the past few years.

At the end of March 2020, the number of Rs 2,000 notes in circulation was 274 crore. This is 2.4 per cent of the total number of currency notes in circulation.

As of March 2021, the total number of banknotes in circulation stood at 245 crore, down 2 per cent. However, at the end of last fiscal, the number of banknotes fell further to 214 crore and 1.6 per cent.

In terms of value, the total value of 2,000 rupee notes in circulation has declined from 22.6 per cent to 17.3 per cent at the end of March 2021 and 13.8 per cent at the end of March 2022.


Read Also | RBI Hikes Repo Rate Reserve Bank of India Governor Shaktikanta Das on Wednesday announced a hike in the repo rate


According to the report, the number of Rs 500 notes in circulation rose to 4,554.68 crore at the end of March this year from 3,867.90 crore last year.

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