Here's the real reason why your ATM has more Rs 2,000 & less of the new Rs 500 notes - The Economic Times


The Economic Times reports:

MUMBAI: At the heart of the cash crunch imposed by demonetisation is the tale of two notes -- Rs 500 and Rs 2,000. Why is there a deluge of the pink Rs 2,000 bills and a scarcity of the dollar lookalike, Rs 500 notes?

The answer is simple: 2000 notes are printed in the press run by the Reserve Bank of India, while the Rs 500 notes are flowing out of the government-owned presses in Nashik, Maharashtra and Devas in Madhya Pradesh.


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