Two years after its launch, India stops printing new Rs 2,000 notes: Report

The govt has done it gradually stop the high denomination note's circulation

The government of India has stopped printing Rs 2,000 currency notes in order to gradually stop their circulation, ThePrint reported.

According to The Print, the decision has been taken on the back of suspicion in the government that the currency note was being used for hoarding, tax evasion and money laundering.

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The Rs 2,000 note was introduced in November 2016 after demonetisation. To counter the massive cash shortage, the government introduced new Rs 2,000 notes.

As of March 2018, the total value