New Delhi, Mar 16: The government on Friday informed the Lok Sabha that there is no proposal to discontinue Rs 2,000 currency note, introduced in November 2016 after demonetisation. It also added that the field trials of Rs 10 plastic notes in five cities will be conducted soon.
MoS (finance) P Radhakrishnan, in a written reply, in the Lok Sabha to a question whether the finance ministry has any plan to stop the note in near future said,“There is no proposal under consideration of the government to stop Rs 2000 note.”
Answering another question, he informed that the sizes of new Rs 500 and Rs 2000 notes in the Mahatma Gandhi (New) series is 66mm X 150 mm and 66 mm and 166 mm, respectively. Adding further, he said that the difference between the two currency notes is 10 mm for easy identification.
Notably, the five locations where the trial of Rs 10 plastic notes will be conducted are Kochi, Mysore, Jaipur, Shimla and Bhubaneshwar. With regard to this, the minister said the note will be printed in Indian presses on imported substrate. However, he did not specify any timeline for the same.
In 2016, the government scrapped Rs 500 and Rs 1000 notes on November 8 in a bid to check black money and give a push to digital economy.
In December 2017, a State Bank of India (SBI) Research report had observed that the Reserve Bank of India (RBI) may either be holding back Rs 2,000 notes or could have stopped printing high denomination currency.