Saturday, 5 January 2019

Subhash Chandra Garg: enough Rs 2K notes in circulation

He said that there has been no decision regarding Rs 2,000 note production recently. Soon after the sudden decision to ban old Rs 500/1,000 currency notes by the government on November 2016, the RBI had come out with the Rs 2,000 currency note along with a new look Rs 500 note as part of its massive remonetisation exercise. The old Rs 500/1,000 notes that were scrapped in November 2016 accounted for around 86 per cent of the total currency in circulation at that time. ... Dailyhunthttps://anotepad.com/notes/ife64y

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