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Reserve Bank of India to issue Rs 2000 rupees note

Reserve Bank of India to issue 2000 rupees note soon : The Rs 2000 currency notes have already been printed and will be in circulation shortly.

Reserve Bank Of India(RBI) 2000 rupees note Photo Going Viral in Social Media

The Reserve Bank of India has very nearly completed preparations for introducing this new high-value currency, sources said.There has been no official word on the introduction of new notes either from the RBI or the government. The government, on the advice of the RBI , decides on various denominations of banknotes to be issued.


Some interesting information on currency notes in India

* The highest denomination note ever printed by the Reserve Bank of India was the Rs 10,000 note in 1938 and again in 1954. These notes were demonetised in 1946, and again in 1978.

* Currency paper is composed of cotton and cotton rag.

* The Government of India decides on the quantity of coins to be minted on the basis of indents received from the RBI.

* The Reserve Bank estimates the demand for banknotes on the basis of the growth rate of the economy, inflation rate, the replacement demand and reserve stock requirements by using statistical models/techniques.

* Notes are printed at four printing presses located at Nashik, Dewas, Mysore and Salboni. Coins are minted at the four mints at Mumbai, Noida, Kolkata and Hyderabad.

* The Reserve Bank presently manages the currency operations through its 19 Issue offices located at Ahmedabad, Bangalore, Belapur, Bhopal, Bhubaneswar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Jammu, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, Thiruvananthapuram, a currency chest at Kochi and a wide network of currency chests.

* These offices receive fresh banknotes from the banknote printing presses. The Issue Offices of RBI send fresh banknote remittances to the designated branches of commercial banks. Coins in India are presently being issued in denominations of 50 paise, one rupee, two rupees, five rupees and ten rupees. Coins up to 50 paise are called ‘small coins’ and coins of Rupee one and above are called ‘Rupee Coins’.

* Coins in the denomination of 1 paise, 2 paise, 3 paise, 5 paise, 10 paise, 20 paise and 25 paise have been withdrawn from circulation with effect from June 30, 2011 and are, therefore, no more legal tender.

2000 rupees note Picture : Many people in India are against the introduction of bigger currency as it will increase the amount of black money. If the sources are said to believe, the notes have already been printed, and they were on the verge of dispatch from the currency printing press in Mysuru(Mysore) has commenced. So it may be on its final stage to the release. Also Check 2000 rupees note Image / Picture.


Reserve Bank of India RBI 2000 rupees note First Look Going Viral:

Coming to the larger denomination which RBI printed, it is Rs 10000 back in 1938 and in 1954. But they were discontinued in later stages and made Rs 1000 as the biggest currency. But we don’t know the exact reason why RBI wants to introduce the Rs 2000 note. The release may give the answers and reason for why they introduced Rs 2000 note.

Soon Finance Ministry will release Official Design Details.

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