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- The Indian 2000-rupee banknote (₹2000) is a denomination of the Indian rupee. It was released by the Reserve Bank of India (RBI) on 8 November 2016 after the demonetisation of ₹500 and ₹1000 banknotes and has been in circulation since 10 November 2016. It is a part of the Mahatma Gandhi New Series of banknotes with a completely new design. This is the highest currency note printed by RBI that is in active circulation, ever since the 1,000 rupee note was demonetised in November 2016. Before the official announcement by RBI, the media reported that ₹2000 notes had been printed from the currency printing press in Mysuru by the end of October 2016. Post 2016 Indian banknote demonetisation, seven new currency notes have been announced by the Reserve Bank of India-- ₹2,000, ₹500, ₹200, ₹100, ₹50, ₹20, and ₹10. According to the RBI data, there were 3,285 million pieces of ₹2000 notes in circulation at end-March 2017. A year after (on March 31, 2018), there was only a marginal increase in the number at 3,363 million pieces. Of the total currency in circulation amounting to ₹18,037 billion at end-March 2018, ₹2000 notes accounted for 37.3 percent, down from 50.2 percent at end-March 2017. The share has come down to 22.6 per cent at end-March 2020. The ₹2,000 note was created as a quick fix, to have enough circulation of currency. With lower denominations available in circulation, the Indian government and the RBI has rolled back ₹2,000 notes from circulation. Suspecting that the ₹2000 note is being used for hoarding and tax evasion, RBI has stopped the printing of banknotes of ₹2000 denomination and no new notes of this denomination were printed during the 2019-20 fiscal year. (en)
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