New Delhi: With rumours of the Centre planning a withdrawal of the newly-introduced Rs 2,000 note doing the rounds, Minister of State for Finance Santosh Kumar Gangwar has said there was no news of its scrapping, adding the Rs 200 note will be in circulation soon.
“The reduction in printing of new Rs 2,000 notes is a separate issue. But that needs to be confirmed by the Reserve Bank of India (RBI). RBI will give information on Rs 2,000 notes,” he added.
As per sources, the government has stopped further printing of the recently printed Rs 2,000 notes.
On July 26, the issue was raised in Parliament when the opposition asked Finance Minister Arun Jaitley to confirm if the government was going to “demonetise Rs 2,000 notes” and if its printing had been stopped. The Minister had declined to reply.
Post-demonetisation, there were reports of people facing problems in using the Rs 2,000 note as sufficient quantum of smaller denomination notes of Rs 100 and Rs 500 were not available
The government had brought in the Rs 2,000 note immediately after November 8, 2016 demonetisation to expedite remonetisation.