After the introduction of 2000 rupee note, the currency of the country is being discussed continuously. RBI report has done the work of giving more hype to this discussion. In which information has been given from the shareholding of currency notes to fake notes. After the news of Rs 2000 notes being out of circulation, the Rs 500 note is the biggest and the discussion is being seen the most on it. According to the RBI report, the maximum share in the current currency is of Rs 500 note. Let us also tell you what has been said in the report.
Rs 500 has the highest share in physical notes
- According to the RBI report, by March 2023, the share of Rs 500 note in circulation has increased to 77.1 percent. Whereas in 2016 the same share was 47.8 percent. In terms of value, it was Rs 7.80 lakh crore in 2016, which has increased to Rs 25.81 lakh crore in March 2023.
- There has also been a slight increase in the share of Rs 200 notes. In the year 2018, the share of Rs 200 note was 2.1 per cent, which has increased to 3.7 per cent. In terms of value, it has increased from Rs 0.37 lakh crore to Rs 1.25 lakh crore in the year 2018.
- Talking about Rs 100 notes, the share has come down. In the year 2016, the share of Rs 100 note was 9.6 per cent, which has now come down to 5.4 per cent.
- The biggest decline has been seen in the share of Rs 2000 note. In the year 2017, this figure was 50.2 percent, which has come down to 3.62 percent in March 2023.
500 rupees in digital rupee also
At the same time, along with physical currency, digital currency i.e. CBDC and Central Bank digital currency, Rs 500 remains the king. Whose share is more than 47 percent. The Reserve Bank of India had started a pilot project on CBDC in 2022. RBI had pumped digital notes in many denominations. Which includes Rs 0.5, Rs 1, Rs 2 to Rs 500.
RBI did not issue digital Rs 2,000 note for circulation. A total of Rs 16.39 crore of CBDC is in circulation. Out of which the wholesale segment has contributed Rs 10.69 crore. E-500 has the highest share of 47.5 percent in the retail segment. The first pilot for retail e-Rupee was announced on December 1, 2022. In its annual report for 2022-23, the RBI said that the results of both the pilots have been satisfactory and in line with expectations so far.
Whose share in E-Rupee
- The stake of 50 paise is 0.2 per cent and its value is Rs 0.01 crore.
- The stake of Re 1 is 0.7 per cent and the value is Rs 0.04 crore.
- The stake of Rs 2 is 1 percent and the value is Rs 0.06 crore.
- A stake of Rs 5 is 2.1 per cent and is Rs 0.12 crore.
- The share of Rs 10 is 2.1 per cent and is Rs 0.12 crore.
- The share of Rs 20 is 4.1 per cent and is Rs 0.23 crore.
- The stake of Rs 50 is 6.9 per cent and is Rs 0.39 crore.
- The share of Rs 100 is 14.5 per cent and is Rs 0.83 crore.
- The share of Rs 200 is 20.4 per cent and is Rs 1.16 crore.
- The share of Rs 500 is 47.5 per cent and is Rs 2.71 crore.
Source: www.tv9hindi.com”