Reserve Bank of India has said that it did not print currency notes of 2,000 rupee denomination in 2019-20. In its annual report, RBI said the circulation of these high denomination currency notes has been on a decline. On the other hand, the circulation of currency notes of 500 and 200 rupee denomination has gone up substantially, both in terms of volume and value over the three years beginning 2018.
 
The report also said, a total of 2.96 lakh of counterfeit currency notes was detected by the banking sector in the last fiscal year. RBI also said it has undertaken several initiatives to introduce varnished banknotes in 100 rupee denomination on a field trial basis.