No plan to re-introduce Rs. 1,000 note: Shaktikanta Das

No plan to re-introduce Rs. 1,000 note: Shaktikanta Das

Economic Affairs Secretary Shaktikanta Das.  

Complaints of cash shortages at ATMs are being addressed, says the Economic Affairs Secretary

There is no plan to re-introduce the Rs. 1,000 note and the focus is on increasing the production and supply of Rs. 500 and lower denomination currency, Economic Affairs Secretary Shaktikanta Das tweeted on Wednesday.

“Complaints of cash out in ATMs being addressed. Request everyone to draw the cash they actually require. Overdrawal by some deprives others,” he said in another tweet.

Last week, Finance Minister Arun Jaitley said the remonetisation situation with regard to replenishing the scrapped currency was “almost normal” now and the Reserve Bank of India was monitoring the supply on a daily basis.

The government announced the withdrawal of old Rs. 500 and Rs. 1,000 notes on November 8, 2016, with the aim to check black money, counterfeit notes and terror financing.

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