The missing Rs.2000 notes in india what happened????

When was the last time you held a pink currency note of Rs.2000 in your hand? asked this question to several people and got the same reply: many months or possibly more than a year ago.

Anecdotal evidence would have us believe that the currency notes of Rs.2000 denomination, introduced at the time of demonetisation in 2016, have more or less disappeared from the market. The notes can scarcely be seen in circulation. The automated teller machines (ATMs) rarely dispense them, and they seem to be fading from banks as well. A perception gaining ground among citizens is that the notes are fuelling the black economy and have been hoarded by crooks and racketeers.To unearth the facts behind this disappearance, Right to Information activist Manoranjan S. Roy has written to Prime Minister Narendra Modi requesting a Central Bureau of Investigation (CBI) inquiry into the matter. In his letter, a copy of which has been marked to President Ram Nath Kovind, Reserve Bank of India (RBI) Governor Shaktikanta Das and Finance Minister Nirmala Sitharaman, Roy has expressed misgivings on the RBI’s books of accounts. as per the RBI’s annual report, the supply of Rs.2000 notes from the three currency presses—Bhartiya Reserve Bank Note Mudran Private Limited Bangalore, Nashik Currency Note Press and Bank Note Press Devas—is different from the circulation figures shown in the report. The circulation of Rs.2000 denomination notes as shown by the RBI far exceeds the supply of the notes as reflected by the RBI from the three printing presses.

From 2017 to 2021, the RBI released 1,217.33 crore pieces of Rs.2000 notes in the market. Yet they are not to be seen in the market. So then, where are the notes? This is the question that Roy has asked the government to probe. Even if one were to take into account the fact that the RBI would have disposed of some notes because they were soiled and worn out, a large quantity of notes should still be circulating in the market. These high-value currency notes are easy to store.