Exactly four years ago, the central government announced Demonetization. According to officials, the high circulation of Rs 2,000 notes might defeat the government's objectives of curbing black money as it is easier to smuggle the high-denomination notes.
The Reserve Bank of India (RBI) has revealed in a reply to an RTI that the printing of Rs 2,000 currency notes has stopped. Not a single Rs 2,000 note had printed this financial year. The RBI printed 3,542.991 million notes in the financial year 2016-17, which came down to 111.507 million notes in 2017-18 and was further reduced to 46.690 million notes in the year 2018-19, as revealed in a reply by the RBI.
According to a reply given by Minister of State for Finance Anurag Thakur on the question about the Modi government's plan to withdraw Rs 2000 note in the future, he dismissed reports that the government is set to withdraw Rs 2000-denomination note. Anurag Thakur said, "No need to worry about it". As per a report in news agency PTI, Anurag Thakur replying to a question in Rajya Sabha said, "This is the real worry (about demonetization) which has surfaced now. I think that you should not worry about it."