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Reserve Bank of India RBI Annual Report 2000 continues to drop in trading details here – Business News India


There has been a steady decline in the number of Rs 2,000 banknotes since the last few years. By the end of March this year, their share in the total fiat currency had fallen to 214 crores, or 1.6 percent. This was stated in the annual report of the Reserve Bank of India.

what is the number: As of March this year, the total number of banknotes of all denominations was Rs 13,053 crore. The figure was Rs 12,437 crore in the same period last year. According to the annual report of the Reserve Bank of India, the number of Rs 2,000 banknotes in circulation at the end of March 2020 was Rs 274 crore. This figure was 2.4 percent of the total number of banknotes in circulation.

Then, by March 2021, the number of 2,000 banknotes in circulation had fallen to Rs 245 crore, or 2 percent. At the end of the last fiscal year, that number had fallen to 214 crore, or 1.6 per cent.

The above numbers are in quantitative terms. If we talk in terms of value, in March 2020, the total value of the 2,000 rupee note was 22.6 per cent of the total value of the banknotes of all denominations. This number decreased to 17.3% in March 2021 and to 13.8% in March 2022.

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According to the report, the number of Rs 500 banknotes rose to 4,554.68 crore at the end of March this year from Rs 3,867.90 crore in the same period last year. In terms of quantity, the 500 rupee banknote (34.9 per cent) was the highest in circulation. It was followed by 10 rupees banknotes at 21.3 per cent.

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According to the report, the total value of the currency in circulation in all denominations increased to Rs 31.05 crore in March this year from Rs 28.27 crore in March 2021.

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