Find Rs 200 notes in your wallet by August, RBI stops printing Rs 2000
After the introduction of new Rs 500 and Rs 2000 notes, now the RBI has stopped printing Rs 2000 notes and shifted all its focus on printing Rs 200 currency notes.
The Reserve Bank of India (RBI) has stopped printing the Rs 2,000 currency notes and will not be bringing new notes in this year, and has already stopped printing the currency from past 5 months according to a source report on Tuesday july 25th.
however, has stepped up the printing of other denominations, including first batch of new Rs 200 notes already to ensure the availability in country.
As per Source : "About three billion seven hundred million Rs 2,000 notes, amounting to Rs 7.4 lakh crore, have been printed; that more than compensates for the 630 crores
Rs 1,000 notes that were withdrawn after demonetization on 8 November 2016," said, an RBI source.”
Most of the printing that’s being done, about 90% is only Rs 500 notes
“Most of the printing that’s being done so far, in that about 90% is only Rs 500 notes. Nearly 14 billion pieces of new Rs 500 notes have been printed so far,” as per source.
“The cash crunch which existed till two months ago has now eased with RBI increasing supply of 500-rupee notes over the last 40 days, But we have also seen a sharp drop in the supply of 2,000-rupee notes during this period.” said Neeraj Vyas, deputy managing director, State Bank of India (SBI).
It will help us in way for bigger transactions. It will be easy to get change of Rs.2000 in just 10 notes of Rs.200 notes than to have 20 notes of Rs.100.