Printing of Rs. 2,000 note to continue

0
67

New Delhi: The Rs 2,000 notes will continue to be printed in the country, the government has not taken any decision to stop this. The central government gave information about this in the Lok Sabha. In a written reply to a question in the Lok Sabha in the Union Minister of State for Finance, Anurag Thakur, the government decides on printing of a note after consulting the Reserve Bank to balance the availability of all the notes in view of the demand. As on March 31, 2019, the number of 2000 rupee notes in circulation was 329.10 crores, which was reduced to Rs 273.98 crores as on March 31, 2020.

Printing work resumed
The state finance minister said that as of 31 March 2020, 27 thousand 398 lakh notes of 2 thousand were in circulation throughout the country. The number was 32 thousand 910 lakhs as on 31 March 2019. He also said that during the lockdown amid the Corona epidemic, the Reserve Bank had immediately stopped the printing of notes. Now this work has been started in a phased manner.

Printing of notes remained closed during the lockdown
The Reserve Bank of India Note Printing Private Limited (BRBNMPL) undertakes note printing for the Reserve Bank. Printing work was stopped from 23 March to 3 May. This work has been started again in a phased manner from 4 May.

The minister said that due to the Covid-19 pandemic, there was no activity in Minting Corporation of India Limited (Currency Note Press) and Bank Note Press, Dewas from Nashik since 23 March. In the Nashik press June 8, the banknote press has started printing the notes from June 1.


LEAVE A REPLY

Please enter your comment!
Please enter your name here