Printing of new 2000 rupee notes completely halted
Between the crisis of cash across the state in India, the government has completely stopped printing of 2000 notes. Economic Affairs Secretary Subhash Chandra Garg said that notes worth 500, 200 and 100 rupees are not convenient in transactions. Printing of 500 rupees notes has been increased to meet the additional demand. Now every day 3000 crore worth notes are being printed. He said that the situation of cash in the country is very good and additional demand is also being met. They also told that the new notes of Rs 2,000 are not being printed anymore.
No cash problem says government
The Secretary said that he has assessed the cash situation in the country last week and 85 percent of ATMs are working. Overall, the availability of cash in the country is quite sufficient. He said, ‘There is enough cash and it is being supplied. Additional demand is also being met. I do not think there is any problem with cash at this time. ‘
No printing of rupees 2000 notes
According to Subhash Chandra Garg, at present the notes worth Rs. 7 lakh crores of 2000 rupees are in circulation. Those are more than enough and therefore new notes of Rs 2,000 are not being issued. 500, 200 and 100 rupees notes are the means of transactions between people. People do not consider 2000 rupees notes very convenient in transactions. 500 rupees notes are being supplied adequately. We have increased production up to Rs 2500-3000 crores per day said Garg.
Increasing security features in new notes
Garg said that the Reserve Bank is increasing the security features of currency notes to avoid duplicate fake notes. In the last 2.5 years, the cases of fake claims of high quality have come to the fore, but the RBI is busy looking for and exploring new features.
