New Delhi: 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, but did not indicate the total cost involved in replacing the junk notes.
"It is too early to indicate the total cost of printing of new notes of Rs 500 and Rs 2000, as they are still being printed," he said.
After demonetisation of old Rs 500/1000 bank notes, RBI currency chests had received an amount of Rs 12.44 lakh crore in the form of these junked notes as of December 10, 2016.
The Reserve Bank of India procures papers for printing new currency notes of Rs 2000 and Rs 500 from existing suppliers, Meghwal said in reply to a separate question.
"It has also been agreed by all suppliers that the Indian specific banknote paper will not be supplied to any other party," he added.
The original equipment manufacturers (OEMs) are working with the respective banks to recalibrate remaining ATMs, he said.
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