Tue, May 30, 2023
The Reserve Bank of India (RBI) has released its annual report for the financial year 2022-23. The report shows that the number of fake Rs 500 denomination notes detected increased by 14.4% to 91,110 pieces in FY23. However, the number of fake Rs 2,000 denomination notes detected decreased to 9,806 pieces. Counterfeit notes of Rs 20 and Rs 500 (new design) increased by 8.4% and 14.4%, respectively. While, counterfeit notes of Rs 10, Rs 100, and Rs 2,000 declined by 11.6%.
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Fri, Dec 28, 2018
RBI’s annual report for FY18 revealed that, there are about 10,016 million of Rs 20 aggregating upto Rs 200 billion.
Thu, Dec 27, 2018
When demonetisation drive was announced in November 2016, scrapping down old Rs 500 and Rs 1000, the entry of two new high denomination notes namely Rs 500 and Rs 2000 was a clear indication the transformation of entire currency chest. Several factors hinted at this.
Wed, Jul 25, 2018
As on July 13, India's currency-in-circulation (CIC) stood at Rs 19.57 lakh crore compared to CIC of Rs 10.55 lakh crore in the beginning of December 2016.
Sun, Jul 22, 2018
The entry of these two new high denomination notes was a clear indication the transformation of entire currency chest.
The similarities between Rs 500 and Rs 2000 notes are clear indication to why RBI had to give makeover to small denomination notes like Rs 10, Rs 50 and now Rs 100.
Thu, Dec 21, 2017
If we look the RBI' annual report data closely, it indicates that the central bank printed heavily Rs 500 denominations but slowed down on Rs 2,000 denominations.
Mon, Dec 18, 2017
Introduction of this new currency and design has been brought in considering various factors like ease of transaction for common man, replacement of soiled banknotes, inflation and the need for combating counterfeiting.
Tue, Jun 13, 2017
RBI has been issuing banknotes in Mahatma Gandhi series from time to time and now it had introduced a new batch of Rs 500 banknotes.
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