No proposal under consideration to discontinue Rs. 2,000 note: Govt
What's the story
The government on Friday categorically said there was no proposal to discontinue Rs. 2,000 currency note, which was introduced post demonetization. It also informed the Lok Sabha that it had decided to conduct field trials of plastic currency notes of Rs. 10 in five cities. "There is no proposal under consideration of the government to stop Rs. 2,000 note," said MoS Finance P Radhakrishnan.
The notes
10mm difference between Rs. 500 & Rs. 2,000 notes
Radhakrishnan was replying to a question whether the Finance Ministry has any plan to stop the note in the near future. The sizes of new Rs. 500 and Rs. 2,000 denomination in the Mahatma Gandhi (New) series is 66mm X 150 mm and 66 mm X 166 mm, respectively. The difference between the two currency notes is 10 mm for easy identification, he said.
Details
Trial of plastic banknotes of Rs. 10 to be conducted
The government had scrapped old Rs. 500 and Rs. 1,000 notes on 9 Nov'16, with an aim to check black money and push the digital economy. As regards plastic notes, the Minister said, "It has been decided to conduct field trial of plastic banknotes in denominations of Rs. 10 at five locations." The trial would be conducted in Kochi, Mysore, Jaipur, Shimla, and Bhubaneshwar.