Revealed: The Cost Of Printing New 500, 2,000 Rupee Notes

The government on Wednesday said it costs between Rs. 2.87 and Rs. 3.77 to print each currency note of Rs. 500 and Rs. 2,000. However, it did not indicate the total cost involved in replacing the junk notes. The approximate cost of printing each new note of Rs. 500 denomination is in the range of Rs. 2.87 to Rs. 3.09, and Rs. 3.54 to Rs. 3.77 for Rs. 2,000, Minister of State for Finance Arjun Ram Meghwal said in a written reply in the Rajya Sabha.