According to The Print, RBI has has stopped printing ₹2000 notes. This by no means indicates another demonetization is on its way.
Indian Government is slowly trying to bring down the ₹2000 notes in circulation. This move comes in after suspicion of high-denomination being used for hoarding, tax evasion and money laundering.
₹2000 notes were introduced during the demonetization in November 2016. Later, in March 2018, many cities have reported a massive shortage of high denomination which feared another demonetization in Indian citizens.
Twitter has a word or two to say.
My brother (works in the film/advtg industry) told me three months ago that I should get rid of whatever 2000 rupee notes I have. Industry insiders were apparently suspecting another round of demonetisation in March/April. https://t.co/QC3A1JQO8s
— Paroma Mukherjee (@ParomaMukherjee) January 3, 2019
A 2000 rupee note was a stupid idea anyway. Just an excuse for the mess that they created.
— Sarita Falcão (@saritafalcao14) January 3, 2019
Wise decision to stop printing new 2k notes. Infact an another demonitisation of 2000 notes us welcome.
— Murli Narasimhan (@murlidn007) January 3, 2019
Good decision# what is the use of this big currency notes for AAAAM AADMI
— Thiru (@thirumalpalle) January 3, 2019
Rs.2000 notes no more being printed.
Reason? They are leading to tax evasion and hoarding.
— Sandeep Manudhane (@sandeep_PT) January 3, 2019
Now what is the biggest trouble posed by this magical ₹2000 notes?
Sudden jump in counterfeits.
As of Mar 2018, 18567 numbers of counterfeit ₹2000 notes detected by banking system alone.
Recall that ₹1000 notes introduced in 2000, took 8 years to cross 10K counterfeit mark
— James Wilson (@jamewils) January 3, 2019