Welcome decision to issue 200-rupee notes: 2000-rupees notes be not printed any more
Welcome decision to issue 200-rupee notes: 2000-rupees notes be not printed any more
It refers to board of Reserve Bank of India (RBI) in March 2017 reportedly having given nod to print 200-rupees notes. Decision will also be in tune with internationally accepted system for printing currency-notes in a series of 1-2-5 which required denomination of 200-rupees notes between existing currency-denominations of rupees 100 and 500.
But with same norms, 2000-notes should no more to be printed with central government already having ruled out plan to issue 1000-rupees notes. Otherwise also, 2000-rupees notes are not acceptable amongst masses, and might being for parking dirty money and parallel economy of black money thus killing the very purpose of bold step of demonetization taken on 08.1...