TIL Desk/Business/New Delhi-The government says it has no plans to reintroduce Rs 1000 notes. Shaktikanta Das, Secretary Economic Affairs, Government of India, tweeted, “No plans to introduce Rs 1000 notes. Focus is on production and supply of Rs. 500 and lower denomination notes. Complaints of cash out in ATMs being addressed. Request everyone to draw the cash they actually require. Overdrawal by some deprives others.”
Yesterday, reports said that the RBI and the government had firmed up plans to launch a new series of Rs 1,000 notes to replace the earlier note of similar denomination that was withdrawn from circulation following the November 8 demonetisation announcement, a senior government official told.
The RBI, the official said, has already started production of the new Rs 1,000 note. According to the official, the initial plan was to introduce the new Rs 1,000 note in January but “it has been delayed due to the pressing need to supply Rs 500 notes”.
