The Rs 2000 notes will continue to be in circulation. The BJP Government today clarified that it is not contemplating to stop the circulation of two thousand rupee notes..
In a written reply in the Rajya Sabha today, Minister of State for Finance, Anurag Thakur said there is no such proposal under consideration.
He also said that a declining trend is visible in the seizure of unaccounted cash in the denomination of two thousand rupee notes.
The Minister said in the year 2017-18, around 68 per cent of unaccounted cash was seized in the denomination of two thousand rupees, while in the year 2018-19, it was around 66 per cent.
In the current financial year, over 43 per cent of unaccounted cash was seized in the denomination of two thousand rupees.
The Minister said as on March this year, over 31 per cent of total notes in circulation are of two thousand rupees.
