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RBI surveying currency demand to print notes preferred by people

Shortpedia

Content Team
Image Credit: Shortpedia

The Reserve Bank of India revealed that it did not print even a single piece of Rs. 2,000 note in 2019-20. The Reserve Bank is going to conduct a survey to assess the demand for cash as well as denomination preferences to help it print only those notes that people prefer. The circulation of the Rs. 2,000 notes has come down from 33,500 lakh in 2018 to a little over 27,000 lakh pieces in the current fiscal.