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By : Oneindia Video Team
Published : February 22, 2017, 05:39
Duration : 01:15

Demonetisation: Shaktikanta Das says, no plan to introduce new Rs 1000 note

Economic Affairs Secretary Shaktikanta Das said that the government has no plans to introduce new currency notes of Rs 1,000 denomination. Das made a complete U-turn from his earlier statement that RBI and the government are planning to launch a new series of new Rs 1,000 notes although it was not clear when . Although the initial plan was to introduce the new Rs 1,000 note in January, the official said it has been delayed due to the ‘pressing need to supply Rs 500 notes. He added that the focus presently is on production and supply of Rs 500 currency notes and those of lower denomination. A senior government official had said that the RBI and the government are planning to launch a new series of new Rs 1,000 notes although it was not clear when ?. Although the initial plan was to introduce the new Rs 1,000 note in January, the official said it has been delayed due to the ‘pressing need to supply Rs 500 notes. After the Centre announced the move to demonetise old currency notes of Rs 500 and Rs 1,000 to flush out black money from the economy, the government had introduced new Rs 500 and Rs 2,000 notes with higher security features.
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