India’s demand for high-denomination notes increases

India’s booming economy has pushed up demand for 500- and 1,000-rupee notes by approximately 20 and 50 percent, respectively, with the volume of almost all other denominations remaining steady. The cost of printing currency has more than doubled to Rs20 trillion during 2006-07, with the business split between Security Printing and Monitoring Corporation of India and Bharatiya Reserve Bank Note Mudran.

Leave a Reply