Rs 2000 notes to be banned or not? All doubts cleared! Check latest news, answer directly from Modi government
Are you also worried about the unconfirmed reports/rumours spreading in the market that Modi government may soon take big step to ban Rs 2000 notes?
Are you also worried about the unconfirmed reports/rumours spreading in the market that Modi government may soon take big step to ban Rs 2000 notes? Don't worry! Now, to give you a sigh of relief and clear all your doubts related to Rs 2000 notes, Modi government has officially given a statement in Parliament.
NO NEED TO WORRY!
According to a reply given by Minister of State for Finance Anurag Thakur on question about Modi government's plan to withdraw Rs 2000 note in the future, he dismissed reports that the government is set to withdraw Rs 2000 denomination note.
Anurag Thakur said, "No need to worry about it."
As per a report in news agency PTI, Anurag Thakur replying to a question in Rajya Sabha said, "This is the real worry (about demonetisation) which has surfaced now. I think that you should not worry about it."
Prime Minister Narendra Modi had announced banning high value Rs 500 and Rs 1,000 notes on November 8, 2016 with the aim to curb black money, check terrorism and further digital economy.
Currency in circulation: Current status
On Dec 9, Parliament was informed that currency in circulation peaked to over Rs 21 lakh crore at the end of March 2019.
The value of total notes in circulation as at end of March 2019 stood at Rs 21,109 billion.
In the preceding fiscal 2017-18 (fiscal ended March 2018), the notes in circulation were Rs 18,037 billion; while it stood at Rs 13,102 billion at the end of 2016-17.
The value of total notes in circulation in the Indian economy stood at Rs 16,415 billion as on March 31, 2016.