Arun Jaitley rules out scrapping Rs 2000 Notes

Sat Mar 18 2017 15:35:24 GMT+0530 (IST)

Union Finance Minister Arun Jaitley made it clear that Centre have no plans to scrap the newly introduced Rs 2000 currency notes at all.

As on December 10th, 2016: Old Currency Notes of Rs 500 and Rs 1000 that reached currency chests amount to Rs 12.44 lakh crore.

As on January 27th, 2017: Rs 9.921 lakh crore currency is in circulation.

As on March 3rd, 2017: Rs 12 lakh crore currency is in circulation.

Centre permitted Reserve Bank of India to conduct field trials of Rs 10 plastic notes which have a longer life span. RBI would start printing denominations of Rs 10 anytime soon.