The impact of the decision on the cancellation of major banknotes taken by the Modi government is known. The general public has been struggling with this decision for a long time. The Center, which promptly brought out new notes as an alternative .. Rs. Over 2 thousand notes were printed. But the Modi government has slowly raised the cost to Rs. Reducing the printing of 2 thousand notes. It is understood that the RBI is reducing the number of notes by Rs2,000.
With the cancellation of currency notes by the public with the cancellation of banknotes .. In March 2017, Rs. The 2000 note was introduced in the market. Then half of these notes were found in the market. Their share fell to 37 percent a year later. At present the share of the Rs2000 note is limited to 31%. Rs. The strategy of the Modi government seems to be to slowly withdraw the market from 2 thousand notes.
At the same time, the share of the remaining notes in the market increased. Especially the number of Rs.500 notes has increased significantly. Currently, 21.1 lakh crore banknotes are in circulation in the country. It is worth noting that 500 notes.
2,151 in the country. 500 notes in circulation .. This figure is Rs. 2,007 more than 100 notes. There are currently 3,128 ten rupee notes in the country. In terms of numbers, as of March this year, there were 47.2 per cent of Rs10 and Rs100 notes. It was 51.6 per cent the previous year.
RBI spent Rs 4912 crore on printing of notes in the year 2017-18. 4811 crore.
