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MUMBAI: The variety of financial institution notes of Rs 2000 denomination has steadily declined over time to the touch 214 crore or 1.6 per cent of the entire foreign money notes in circulation on the finish of March this yr, in accordance with RBI annual report.
The full variety of foreign money notes of all denominations in circulation stood at 13,053 crore as of March this yr, up from 12,437 crore from the year-ago interval.
On the finish of March 2020, the variety of Rs 2000 denomination notes in circulation stood at 274 crore, accounting for two.4 per cent of the entire variety of foreign money notes in circulation. The rely declined to 245 crore or 2 per cent of the entire financial institution notes in circulation as of March 2021 and additional fell to 214 crore or 1.6 per cent on the finish of final fiscal yr.
In worth phrases additionally, the Rs 2000 denomination notes dipped from 22.6 per cent of the entire worth of foreign money notes in circulation to 17.3 per cent on the finish of March 2021 and additional to 13.8 per cent on the finish of March 2022.
In keeping with the report, the variety of Rs 500 denomination notes in circulation rose to 4,554.68 crore on the finish of March this yr as in opposition to 3,867.90 crore within the year-ago interval.
“In quantity phrases, Rs 500 denomination constituted the very best share at 34.9 per cent, adopted by Rs 10 denomination financial institution notes, which constituted 21.3 per cent of the entire financial institution notes in circulation as on March 31, 2022,” the annual report for 2021-22 launched on Friday mentioned.
The Rs 500 denomination notes accounted for 31.1 per cent share on the finish of March 2021 and 25.4 per cent as of March 2020. In worth phrases, these notes rose from 60.8 per cent to 73.3 per cent from March 2020 to March 2022.
The full worth of foreign money notes in circulation of all denominations rose to Rs 31.05 lakh crore on the finish of March this yr from Rs 28.27 lakh crore on the finish of March 2021.
“In worth phrases, the share of Rs 500 and Rs 2000 notes collectively accounted for 87.1 per cent of the entire worth of financial institution notes in circulation as on March 31, 2022, as in opposition to 85.7 per cent at end-March, 2021,” the report mentioned.
The worth and quantity of financial institution notes in circulation elevated by 9.9 per cent and 5 per cent, respectively, throughout 2021-22 as in comparison with 16.8 per cent and seven.2 per cent, respectively, throughout 2020-21,” the report mentioned.
The Forex in Circulation (CiC) contains banknotes and cash. Presently, Reserve Financial institution of India (RBI) points banknotes in denominations of Rs 2, Rs 5, Rs 10, Rs 20, Rs 50, Rs 100, Rs 200, Rs 500 and Rs 2000. Cash in circulation comprise 50 paise and Re 1, Rs 2, Rs 5, Rs 10 and Rs 20 denominations.
The full variety of foreign money notes of all denominations in circulation stood at 13,053 crore as of March this yr, up from 12,437 crore from the year-ago interval.
On the finish of March 2020, the variety of Rs 2000 denomination notes in circulation stood at 274 crore, accounting for two.4 per cent of the entire variety of foreign money notes in circulation. The rely declined to 245 crore or 2 per cent of the entire financial institution notes in circulation as of March 2021 and additional fell to 214 crore or 1.6 per cent on the finish of final fiscal yr.
In worth phrases additionally, the Rs 2000 denomination notes dipped from 22.6 per cent of the entire worth of foreign money notes in circulation to 17.3 per cent on the finish of March 2021 and additional to 13.8 per cent on the finish of March 2022.
In keeping with the report, the variety of Rs 500 denomination notes in circulation rose to 4,554.68 crore on the finish of March this yr as in opposition to 3,867.90 crore within the year-ago interval.
“In quantity phrases, Rs 500 denomination constituted the very best share at 34.9 per cent, adopted by Rs 10 denomination financial institution notes, which constituted 21.3 per cent of the entire financial institution notes in circulation as on March 31, 2022,” the annual report for 2021-22 launched on Friday mentioned.
The Rs 500 denomination notes accounted for 31.1 per cent share on the finish of March 2021 and 25.4 per cent as of March 2020. In worth phrases, these notes rose from 60.8 per cent to 73.3 per cent from March 2020 to March 2022.
The full worth of foreign money notes in circulation of all denominations rose to Rs 31.05 lakh crore on the finish of March this yr from Rs 28.27 lakh crore on the finish of March 2021.
“In worth phrases, the share of Rs 500 and Rs 2000 notes collectively accounted for 87.1 per cent of the entire worth of financial institution notes in circulation as on March 31, 2022, as in opposition to 85.7 per cent at end-March, 2021,” the report mentioned.
The worth and quantity of financial institution notes in circulation elevated by 9.9 per cent and 5 per cent, respectively, throughout 2021-22 as in comparison with 16.8 per cent and seven.2 per cent, respectively, throughout 2020-21,” the report mentioned.
The Forex in Circulation (CiC) contains banknotes and cash. Presently, Reserve Financial institution of India (RBI) points banknotes in denominations of Rs 2, Rs 5, Rs 10, Rs 20, Rs 50, Rs 100, Rs 200, Rs 500 and Rs 2000. Cash in circulation comprise 50 paise and Re 1, Rs 2, Rs 5, Rs 10 and Rs 20 denominations.
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