December 3, 2019 2:31 PM

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Not contemplating to stop circulation of Rs 2,000 notes: Govt

<span style="color: #222222;">The Government today clarified that it is not contemplating to stop the circulation of two thousand rupee notes.<br />''<br />''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.<br />''<br />''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.<br />''<br />''In the current financial year, over 43 per cent of unaccounted cash was seized in the denomination of two thousand rupees.<br />''<br />''The Minister said as on March this year, over 31 per cent of total notes in circulation are of two thousand rupees.</span><br />

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