Rising inflation in the country (inflationThe common people are in bad condition. From food items to other necessities have also become very expensive, for which more money has to be spent. But the notes you are spending to buy these items have become expensive too! Actually, the printing of notes has also become expensive amid rising inflation. Central Bank RBI (RBI) is also finding it expensive to print notes. Recently RTI from Reserve Bank of India (RTIThis has been revealed in response to the questions asked under Especially the cost of 200 rupee notes is getting the most expensive.
According to a report, printing from Rs 10 notes to Rs 500 notes is costing the RBI. That is, the cost of these rupees is falling more than before. In response to RTI, the central bank has told about the cost of printing of all types of notes.
How much does it cost to print which notes?
- Cost of printing 1000 notes of 10 rupees – Rs 960
- Cost of printing 1000 notes of Rs 20 – Rs 950
- Cost of printing 1000 notes of Rs 100 – Rs 1,770
- Cost of printing 1000 notes of Rs 200 – Rs 2,370
- Cost of printing 1000 notes of Rs 500 – Rs 2,290
RBI stopped printing 2000 rupee notes
You must have noticed from the last few months that when you go to withdraw money from an ATM, only 500 or 100 rupee notes will come out from the ATM machine! You must have noticed that 2000 rupee notes are not dispensed from the ATM machine. After all, they will be put in the ATM machine only then will they come out! Why are not being put in… because there is a shortage of 2000 notes. It has been found in RTI that RBI has stopped printing 2000 rupee notes.
Actually, the prices of paper are increasing continuously, due to which printing of notes has become expensive. It has been told in the RTI that the printing of 200 rupee note is costing more than the 500 rupee note. At the same time, the printing of 10 rupee notes has become expensive as compared to 20 rupee notes.
How much does it cost to print 2000 rupee note?
According to RBI, the cost of printing a note of Rs 2000 is close to Rs 4. In the year 2018-19, it was spent very less. At the same time, this expenditure was high in 2017-18. If we talk in terms of per note, then in printing a note of Rs 2000, the expenditure reduced by 18.4 percent, that is, 65 paise less has been spent in printing a note in 2019. In the year 2018, the cost of printing a note of 2000 rupees was 4 rupees 18 paise, while in 2019 it cost 3.53 rupees to print a note of 2000 rupees. That is, understand that it costs only 3-4 rupees to print a note of Rs.000.
How expensive did printing notes cost?
Amidst rising inflation, the cost of printing notes has also jumped due to the rise in the price of paper. According to RBI, in the financial year 2020-21, the cost of printing 1000 notes of 50 thousand rupees was Rs 920, which increased by 23 percent to Rs 1,130 in the year 2021-22. In comparison, the Rs 20 note has had little effect on inflation. In the financial year 2020-21, an expenditure of Rs 940 was incurred on the printing of 1000 notes of 20 thousand rupees, which increased to Rs 950 in the year 2021-22. It was told that no effect was seen on the 500 rupee note during this period.
Where is the printing of notes done in the country?
The central government and RBI print notes at four places in the country. Two of the four presses are under the central government, while two presses are under the control of the RBI. Presses controlled by RBI are in Mysore (Karnataka) and Salboni (West Bengal). At the same time, presses controlled by the central government are in Nashik (Maharashtra) and Dewas (Madhya Pradesh). A special type of ink is used to print the note, which is made by a company in Switzerland. Different types of ink do different things. Its paper is also prepared in a special way.
Talking about coins, only the center has the right to make it. Coins are made in 4 cities of the country, Mumbai, Hyderabad, Kolkata and Noida.
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