Most of the Rs 2,000 notes are hiding in the house? But beware. The printing of Rs. The Reserve Bank of India (RBI) has said this. The RBI has made it clear that it has not issued a single high value note so far in the current financial year. Asked by a news agency under the RTI Act, Reserve Bank of India replied:
After the cancellation of the Modi Sarkar big notes, in November 2016, a new Rs. The central government has canceled Rs 1,000 notes and Rs 500 notes to prevent black money and the circulation of counterfeit notes.
The RBI has stated in its RTI replay that it has printed Rs. New Indian Express said in a statement that it has printed 11.15 crore notes in fiscal year 2017-18 and 4.6 crore in 2018-19.
Officials say the central government’s targets are not being met due to the big notes. Smuggling and other illegal activities are being carried out in the form of Rs 2,000 notes, he said. The Andhra Pradesh-Tamil Nadu border has been sieved in the form of Rs 6 crore worth of cash and Rs 2,000 notes.
RBI data also shows a decrease in circulation of Rs 2,000 notes. At the end of March 2018, 336.3 crore banknotes were in circulation. In fiscal 2019, banknotes decreased to Rs 329.1 crore. This means that Rs 2,000 notes are blocked somewhere. In the last three years, the Center has squeezed more than Rs 50 crore of Fake currency notes.
