When did you last see a 2000 Rupee note? Perhaps a very long time ago. Consider now why this might have happened. Yes, the cause of this has finally become clear. Actually, for the past three years, not a single note worth Rs 2,000 has been issued. In such a situation, this note (2000 rupee note) is not equal in circulation.This has been revealed in a response sought under a Right to Information (RTI) filed by news agency IANS. On November 8, 2016, the government announced the ban on the previous Rs. 500 and Rs. 1,000 notes, followed by the introduction of the new notes, which included the Rs. 2000 note.
How many notes of Rs. 2000 were printed in past three years
No new Rs. 2,000 notes were printed in 2019–20, 2020–21, or 2021–2022, according to RTI. In the fiscal year 2016–17, RBI Note Mudran (P) Limited produced 3,5429.91 crore notes with a face value of Rs 2,000. Following this, just 466.90 crore notes (2000 rupee notes) were printed in 2018-19, down from a very low 1115.07 crore notes printed in 2017–18.
Sharp increase in the quantity of fake currency
In 2015, the RBI released new banknotes bearing a new numbering scheme in all denominations of the Mahatma Gandhi Series-2005. The general public may quickly differentiate false currency from genuine currency thanks to the Visible Security function. The majority of fake currency (two thousand rupee notes) discovered in the financial system was of low quality, and no significant security measures were violated.
According to the RTI, the RBI gives banks various guidelines on how to stop fake currency. For employees/officers of banks and other institutions handling large sums of cash, the central bank routinely organises training seminars on spotting counterfeit notes.
