RBI stops the production of Rs. 2000 notes

The Reserve Bank of India (RBI) stopped the production of Rs. 2000 notes. Not a single note has been printed in the last financial year. According to the RBI report, the share of Rs 2,000 notes in value term was 50.2 per cent in 2016/17, which later fell to 31.2 per cent in 2018/19.

Daily Current Affairs Quiz 2020

The counterfeit notes of ₹500 (new design) increased by 121% to 21,865 pieces during 2018-19. For Rs. 2,000 notes, it is nearly 22% increase in the detection of counterfeit at 21,847 pieces. Totally 12,728 counterfeit notes of Rs. 200 were detected in 2018-19 as compared to 79 in 20117-18.