The conversation between human and AI assistant.
How much will it cost for the RBI to print the new Rs 2000 note?
Does that mean the RBI incurs a loss while printing higher denomination notes?
No, it does not. Although the cost of printing is higher, the value of the note is also higher, which offsets the cost. Additionally, the RBI earns revenue through seigniorage, which is the difference between the cost of printing and the face value of the notes.