Reserve Bank of India can cut the 2000 note from circulation, SBI has made a hint in the report

Reserve Bank of India (RBI) can issue 2 thousand rupees notes out of circulation. This has been indicated in an SBI research report. It was said in the report that the RBI can stop the notes of Rs 2,000 or restrict the printing of this high denominational currency. Unlike the recently introduced RBI figures in the Lok Sabha, SBI Eco-flash Report said on Wednesday, "We estimate that in March 2017 the small denomination currency was in the Rs 3,501 billion circulations."

RBI has printed 15,787 billion rupees

According to the report, "By March 2017, the small denomination currency was in the Rs 3,501 billion in circulation, it shows that if the names of the small denomination were separated, then by December 8, the value of high denominated notes was 13,324 billion. According to the presentation given in the Lok Sabha, till December 8, the RBI had printed Rs 1,695.7 crore notes of Rs 500 and 365.4 million notes of Rs 2 thousand rupees, the total value of these notes was 15,787. B is Rs. "

2463 billion rupees note not supplied: SBI

SBI's Group Chief Economic Advisor Soumya Kanti Ghosh said in the report, "This means that the RBI may have printed the remaining 2,463 billion rupees in the high currency notes (15,787 billion rupees-13,324 billion rupees), but in the market Not supplied. "

Interestingly, the report said, "It is OK to assume that the value of the value of Rs 2,463 billion can be minimized, as the RBI has printed notes of small denominations (i.e. 50 and 200 rupees)."

RBI deliberately stopping 2000 note printing

In Eco-flash, it was said, "If you look at a logical perspective, transactions from 2000 rupees are difficult, so it seems that the RBI has deliberately stopped the printing of 2000 notes or in the beginning to make the situation a fair amount Now after printing, they are being printed in a small number. This also means that the small currency notes in the total currency in the circulation Second term could reach 35 percent. "

Coincidence took place last year

The government had announced the closure of 500 and 1000 rupees notes on November 8 last year. The circulated currency of these notes was 86-87 percent. With this decision, the cash was strapped and long lines were seen outside the banks to exchange notes or scrap money deposits.