Rs 2000 & 500 Rs Note of Indian Currency By RBI: A couple of months ago, the Reserve Bank of India had planned to launch new notes for INR 2000. Some pictures of this so thought notes are going viral on social media. However, RBI hasn’t released any official statement regarding it yet.
Some unconfirmed reports say that it will start circulating in the market by March 2017. RBI hasn’t said anything about it so far. The picture of so-called new note is present below. Check it out. The sources say that the Reserve Bank of India has finalized all of its preparations and will introduce this new high-value currency soon.
Rs 2000 Note of Indian Currency by RBI
A finance ministry company going by the name of the Security Printing and Minting Corporation of India Limited (SPMCIL). The company prints the notes and coins at about eight units. A significant proportion of the society is the introduction of bigger currency as they fear the risk of an increase in the black money.
If sources are to be believed, then notes are already printed and waiting just to dispatch from the currency printing press in Mysuru (Mysore). Thus, it can be said that it is on the final stage of its release.
In 1938 and 1954, the government was about to finalized and print Rs 10000 notes, but it was canceled by RBI. Such large denominations are at high risk. They were discontinued in the later stages, and Rs 1000 was made the biggest currency note.
So far, we didn’t know the reason for introducing Rs 2000 note by RBI. The release may give the answers and reasons for making it. All are waiting for the RBI official statement. We can expect a reply from the Finance Ministry regarding the official design and its details.