Banknotes of denomination of 2,000 notes will be in circulation soon

RBI denominationSoon you will open your wallet to whisk out Rs 2000 note which will be in circulation now. Yes, according to reports  Banknotes of the denomination of 2,000 will be in circulation soon. We gather that The Reserve Bank of India has very nearly completed preparations for introducing Rs 2,000. So soon you will find yourself transacting with this high value currency! It would be pertinent to note that here has been no official word on the introduction of new notes either from the RBI or the government. The government, on the advice of the RBI , decides on various denominations of banknotes to be issued, reports BusinesLine .

The Reserve Bank Of India has ensured that the notes have already been printed,. The high valued currency will soon be despatched from the currency printing press in Mysuru. The process will be commenced soon reports Buisness Line.In what can can be called a significant financial move in the wake of a demand from some quarters that notes of 1,000 and 500 denominations be withdrawn to prevent hoarding of black money, Rs 2,000 notes will soon find circulation. Now if you think that Rs 2,000 note is the highest valued currency printed and circulated ever, let us inform you that the highest denomination bill printed by the Reserve Bank Of I ndia was the 10,000 note. The bill was printed in 1938 and in 1954. They were demonetised in 1946 and 1978, respectively.

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