India is expected to add one more denomination to its currencies in February 2017. The Reserve Bank of India (RBI) will be issuing Rs 2,000 currency notes, the highest to come into circulation, even as some experts feel high-value denominations should be discontinued to curb black money.
The printing of these notes has been completed at the Mysuru currency printing facility. The notes are being despatched, the BusinessLine reported, citing sources. The daily added that neither the Indian government nor the central bank confirmed the development.