Please refer TV channel Breaking News today that India has stopped printing ₹2,000 currency notes. The reason may be The Centre suspects the high-denomination banknote is being used for hoarding, tax-evasion and money laundering.
The share of the ₹2,000 note in the total currency in circulation has come down to 37.3% in March 2018 from 50.2% in March 2017, but the government maintains that there are no plans to withdraw it.
Since Parliamentary Elections are fast approaching and recalling defeats in recent assembly elections I hope Modi Government will not again take extreme step of Rs.2000 currency demonetization.
With rgds
Rajesh A
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