Lately there has been a lot of publicity on social media about 2000 rupees currency notes RBI is not printing even more than 2000 rupees notes and efforts are being made to completely put them aside many people are also forwarding messages on WhatsApp but they are not giving back to the needy also as it is less compared to the past everyone started doubting, but all those two thousand rupee notes have disappeared and what does the RBI say in this regard will they really cancel the two thousand rupee notes and the 10 rupee coin is there in many people or the truth of these rumors let us find out today November 2016 Modi government has issued demonetization at once on this date making everyone go to shop. According to this announcement 1000 notes were banned and their use was banned. After a few days they were replaced by new 500 and 2000 rupee notes especially the digital transactions have increased and reached 2017 these 2000 rupees notes which became a key in cash transactions have gradually decreased
And today in 2023 it is nowhere to be seen generally according to Reserve Bank of India annual report supply of 2000 rupees notes Indian Reserve Bank Note Printing Pvt Ltd Bangalore Nashik Currency Note Press Bank happens from Devasi However since 2019 the Reserve Bank has said that not even one of these two thousand rupee notes has been printed so pink notes which had a share of 50.2 percentage in the economy as of March 31 on 2017 have fallen to 13.8 percent by March 31 on 2023 which means that people doing transactions with 2000 rupee notes is a thing of the past. It has decreased by 36.8 percentage compared to 6. It means here that there are 2000 rupee notes and people are not using them but the original 2000 note is not visible for use. If so, all these 2000 rupee notes are gone. Actually, there are many people will the center really cancel the 2000 notes in the market and they have turned into black It is true that the use of these notes has decreased compared to 2016 so if we look at the main reasons behind this happening
First of all the impression of these notes is lost transactions like UPI Phonepe Paytm Net Banking and the like have increased in the countries economy currency exchange still dominates and as of March 18 this year there are 3105 lakh crores of rupees cash in the hands of many people so we can say that this is a high record in the use of cash. It means that there is no effect on the transactions done in the hotel even if the 2000 rupee note is there according to these calculations there is no need to print 2000 rupees again and also the common people do not want 2000 note much, and in the current digital there is not much need for 2000 notes and on the other hand fake 2000 is not needed. The printing of notes is also high in this financial year the central bank has found that the printing of stolen 2000 rupees notes has increased by 55 percentage. Even if the 2000 rupees note is not cancelled, it seems that their use is being avoided gradually in the economy. She also said that means that Indian banks have not been given any instructions on whether to keep 2000 notes in ATMs or not.
Finance Minister Nirmala Sitharaman said in the Lok Sabha that they have not instructed their banks that they should keep 2000 notes in ATMs but not keep them. Availability gives the banks the right to make deposits in the note as per the exact requirements in favor of an independence decision period in the bank. Talking about Rs 2000 notes among the reasons given by the Modi government for demonetisation curbing blackness is the most important factor. But especially during the year of the story the raids on central government agencies across the country during the by elections of the various state assembly elections are similar to the officials of that is it is clear that the 2,000 note has become an atom to hide large amounts of cash for them in a hurry. Economists predict that if you look at the decline of 2000 rupee notes the central bank has no intention of continuing this for a long time. According to some reports these two thousand rupee notes are mostly used in illegal businesses. In some areas these notes are also used in black money
There is a hundred dollar note you do not even need a thousand dollar note China Canada, Australia, European Union the denomination of the notes is only 200 only in countries like Pakistan, Sri Lanka there is also a 5000 rupee note and in Indonesia there is also a one hundred thousand rupee note which means that in most developed countries the highest note is not widely used. Now as far as the cancellation of our 2000 rupee note is concerned when the elections are approaching there is a campaign that the 2000 rupee note will be canceled. It happened before the elections. Then the Uttar Pradesh elections in 2017 were held after 12. In that election the BJP continued to win the election with no chance of winning the election through money distribution the opposition including the Congress has criticized that the notes should be released in a limited manner The 2000 notes that were issued then are not seen anymore there is only propaganda that they will be cancelled and there are news that elections are likely to be held in the country next year. There is a talk in the political circles that there is a possibility of Modi going for early elections therefore there is no possibility of changing the 2000 notes before the elections, political experts predict.
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