New RS 1000 notes not to introduce for now

Wednesday, Feb 22, 2017,11:09 IST By metrovaartha A A A

New Delhi | The much hyped up hopes of seeing a new 1000 RS currency note may not fulfill soon. The RBI is not planning to introduce that denomination in the near future to replace the demonetised old 1000 RS notes.
DEA Seretary Shanktikanta Das clarified today that the government has no plans to introduce Rs 1000 notes again and the present focus is on production and supply of lower denomination currencies. After demonetisation the new RS 2000 and RS 500 notes have been launched and good volumes are in circulation.