Bankers and ATM Service Providers say that there is a sharp drop in the supply of 2000 Notes from RBI in the past few weeks. The Central Bank is also pumping 500 Notes and Denominations of Smaller Values into the banks which may be a deliberate strategy to restrict the flow of high-value notes in the economy.
Banks are receiving the Pink Notes over the counters by way of recirculation. Bankers say that this could be part of the strategy of the RBI to keep a leash on the total amount of high-value currency in circulation. According to a survey, there is a higher number of Rs 2,000 notes in circulation compared with Rs 500 notes.
2000 Notes were introduced back then so as to replace the Demonetized 1000 and 500 Notes as soon as possible. Back then, there are reports that RBI may slowly take back the 2000 Notes whenever they come into banks. But then, there is no official confirmation about that.
