SHARE. About 50% of ₹2,000 notes in circulation as on March 31, 2022, have been deposited or exchanged in banks since the announcement to withdraw the currency, according to Reserve Bank
The Indian 200-rupee note (₹200) is a denomination of the Indian rupee. After the 2016 Indian banknote demonetisation, the new currency notes were announced by the Reserve Bank of India: ₹2,000, ₹500, ₹200, ₹100, ₹50, ₹20 and ₹10.
From May 23 onwards, you can go to any bank and exchange 10 notes of Rs 2000 notes at a time with currency notes of other denominations. The facility will be available till September 30. Also Read
As per official estimates, the total value of ₹ 2000 denomination banknotes in circulation has declined from ₹ 6.73 trillion at its peak as on 31 March 2018 accounting for 37.3% of the notes
But I don't understand why this is a problem. Can you give an example? Just spend your bigger notes and unfortunately they soon become smaller. The largest note you'll see is a £20 - you'll never see a £50. And there are too many coins - 1p, 2p, 5p, 10p 20p, 50p, £1, £2. Most of my spending is done via contactless cards these days.
As per the recent data released by the RBI, the cost of printing of 2000 rupee note is Rs. 3.54, printing cost of 500 rupee note is Rs. 2.94 and printing of 200 rupee note costs around Rs.2.93.
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how many 50 notes make 2000
