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Demonetisation: No new Rs 1,000 note coming, says Shaktikanta Das

Economic affairs secretary Shaktikanta Das (L) and Reserve Bank of India governor Urjit R Patel hold up the new Rs 500 note at a press conference in New Delhi on November 8, 2016. Photograph: (AFP)

WION New Delhi, Delhi, India Feb 22, 2017, 08.36 AM (IST)

The economic affairs secretary Wednesday quashed rumours of a new Rs 1,000 note being rolled out. 

"No plans to introduce Rs 1000 notes. Focus is on production & supply of Rs 500 and lower deonomination notes," Shaktikanta Das tweeted. 

Social media had been abuzz recently with the rumour that a new note was in the offing.

The government had demonetised the old Rs 1,000 and Rs 500 notes on November 8 last year. It has since then rolled out new Rs 2,000 and Rs 500 notes.

The demonetisation of the old notes added up 86 per cent of the country's currency being taken out of circulation, leading to severe problems all around. 

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Das addressed some of those problems too on Wednesday, tweeting: "Complaints of cash out in ATMs being addressed." 

But he put the onus on the people, saying, "Request ppl to draw cash they actually require. Overdrawal by some deprives others."

He added: "Enough cash available. Logistics, issues of reloading ATMs more frequently being addressed." 

(WION)

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