Rs 2,000 Note Printing Not Stopped, Economic Affairs Secy Says
The Economic Affairs Secretary said there was more than sufficient quantity of Rs 2,000 notes in circulation.
Amid media reports that the printing of Rs 2,000 note has been stopped – and that the note will be gradually phased out from circulation – Economic Affairs Secretary Subhash Chandra Garg on Friday, 4 January, issued a statement putting rumours to rest.
He said there was more than sufficient quantity of notes in circulation, and that the printing of notes was “as per projected requirement”.
Moreover, “no decision” has been taken regarding the production of Rs 2,000 currency denomination yet, he added.
The news was first published by The Print, on on Thursday, 3 January, quoting highly placed sources in the government.
Another report by PTI quoted a top finance ministry official saying that the printing of the notes has been reduced to the “minimum” by the Reserve Bank of India.
"The printing of Rs 2,000 notes has been substantially reduced. It has been decided to limit the printing of 2000 currency notes to minimum. This is nothing new," the official said.
The Rs 2,000 note was introduced post-demonetisation in November 2016.
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