Monday, 7 November 2016

Reserve Bank Of India(RBI) Releases Rs 2000 Note

RBI Rs 2000 Note Photo:  As per Reports, Reserve Bank of India Bank will circulate notes of the denomination of ₹2,000 soon. The notes have already been printed, and their despatch from the currency printing press in Mysuru has commenced. the daily added that neither the Indian government nor the central bank confirmed the development.

Now The pictures of Rs 2000 currency notes are going Viral on Social media site like Twitter and Facebook. We can’t Say its original or not, but everyone sharing it with tagline ‘Reserve Bank of India Rs 2000 Note First Look’. Check out the Rs 2000 Note which is shared on Social Media below.

Reserve Bank Of India(RBI) Rs 2000 Note Photo Going Viral in Social Media
Pic Source: Social Media
The Reserve Bank of India has very nearly completed preparations for introducing this new high-value currency, sources said.There has been no official word on the introduction of new notes either from the RBI or the government. The government, on the advice of the RBI , decides on various denominations of banknotes to be issued.

The incidence of cash transactions and the huge volume of high-value currencies is unique to India, notwithstanding recent efforts to move towards cashless transactions. The two topmost currencies — Rs 500 and Rs 1,000 — accounted for about 86 percent of the new currency notes added in 2014-15, according to RBI statistics.

Currency notes and coins are printed/minted at about eight units owned by the Security Printing and Minting Corporation of India Limited (SPMCIL), a finance ministry company. SMPCIL’s two currency printing units — at Dewas in Madhya Pradesh and Nashik in Maharashtra — print about 40 percent of India’s currency notes. Coins are minted at Mumbai, Hyderabad, Kolkata and Noida units of SMPCIL.

Currency notes and coins are printed/minted by the government of India on the advice of the RBI, which also estimates the denomination-wise currency needs, and co-ordinates with the government on design and security aspects.

The highest denomination note ever printed by the Reserve Bank of India was the Rs 10,000 note in 1938 and again in 1954. These notes were demonetised in 1946, and again in 1978.


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