Government today said that there is no plan to introduce one thousand rupees notes. In a tweet, Economic Affairs Secretary Shaktikanta Das said, the focus is on production and supply of 500 rupees and lower denomination notes. He said, complaints of cash-out in ATMs are being addressed. Mr Das also requested people to draw the amount of cash that they actually require. He said, overdrawal by some people deprives others.<br/><br/>Finance Minister Arun Jaitley had said Last week that the remonetisation situation with regard to replenishing the scrapped currency is almost normal now and the Reserve Bank is monitoring the supply on a daily basis. The government had announced withdrawal of old 500 and 1,000 rupee currency notes on 8th November last, with an aim to check black money, counterfeit notes and terror financing.
News On AIR | February 22, 2017 1:38 PM
There is no plan to introduce Rs 1,000 notes: Govt