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Discontinue further printing of 2000-rupee notes

Kashmir Times. Dated: 12/4/2016 11:30:17 PM

Dear Editor,
Internationally accepted system for minting coins and printing currency-notes in a series of 1-2-5 has unfortunately not been strictly followed in India either before or after demonetization of currency-notes on 08.11.2016, which has been an aspect of inconvenience to general public and even a significant factor for inflation.
Gap between denominations of rupees 100 and rupees 500 is too large, and must be covered by issue of 200-rupees notes. Likewise since it has been finally decided that 1000-rupees notes will not be issued, there is no logic in further printing of 2000-rupees notes because of similar factor of a big gap between 500-rupees and 2000-rupees notes. It is significant that for same logic, 2-rupees coins was issued much later after India adopted metric system of rupee and (new) paise replacing earlier rupee-anna-(old) paise system long back in the year 1957.
Practically speaking there are no takers of rupees-2000 notes in usual marketing ever since these were issued after demonetization on 08.11.2016. Media-reports confirm that these 2000-rupees notes have soon started being used for corruption and parking black money even in present post-demonetization currency-crunch when rules even did not allow complete packs of 100 numbers of 2000-rupees notes to be given on exchange or withdrawal.
Department of Economic Affairs and Reserve Bank of India (RBI) should soon announce issue of 200-rupees notes and discontinuing any further printing of 2000-rupees notes also as per widely accepted international practice in respect of denominations of notes and coins.
—Subhash Chandra Agrawal,
1775 Kucha Lattushah
Dariba, Chandni Chowk Delhi.