अब आप न्यूज्ड हिंदी में पढ़ सकते हैं। यहाँ क्लिक करें
Home » Economy » No plans to introduce Rs 1,000 notes, says government

No plans to introduce Rs 1,000 notes, says government

By Newsd
Updated on :
Source: India Today

The government has no intentions of introducing new currency of Rs 1000 denomination, confirmed economic affairs secretary Shaktikanta Das in a tweet. He also added that he added that government is rather focusing on the production and supply of Rs 500 currency notes and those of lower denomination.

In a previous report by Indian Express, they mentioned 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 they would be launched. The news was communicated by a senior government official who also claimed that the production of Rs1000 denomination it has been delayed due to the ‘pressing need to supply Rs 500 notes.’

The government of India announced the move to ban old notes of Rs500 and Rs1000 was executed to support the cause of draining black money in India. After the Centre announced the move, the government had introduced new Rs 500 and Rs 2000 notes with better features and higher security.
However, it is to be noted that the RBI has not mentioned the exact amount of money collected during the demonetization drive. On February 11, when he was asked when would the RBI release data on the old notes of Rs 500 and Rs 1,000 deposited in banks, RBI Governor Urjit Patel said that the central bank will provide a number which is verifiable and not merely an estimate.

Related