New Delhi: The Reserve Bank of India (RBI) has stopped printing Rs. 2,000 notes launched during the demonetisation days in November 2016. The move, as per a report, quoting unnamed government sources, is being aimed at slowly reducing the note’s circulation.
The report also states that the decision also comes amid suspicion that the Rs. 2,000 note is being used for money laundering, hoarding and tax evasion. The cut in circulation doesn’t translate into the note being deemed invalid. To compensate, the printing of Rs. 500 notes has been increased.
