New Delhi: The government has no plans to introduce Rs 1,000 notes and the focus is on increasing production of lower denomination currencies, Economic Affairs Secretary Shaktikanta Das said on Wednesday.
He also said complaints of cash shortages at ATMs are being addressed and requested people to desist from withdrawing more money than they need.
"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 is "almost normal" now and the Reserve Bank is monitoring the supply on a daily basis.
The government had announced withdrawal of old Rs 500 and Rs 1,000 currency notes on November 8, 2016, with an aim to check black money, counterfeit notes and terror financing.
Shaktikanta Das was reacting to media reports yesterday that the government and the Reserve Bank of India were planning to introduce a new series of 1,000 rupee bank notes to replace the series that had been demonetised.
The total value of demonetised currency is Rs 15.44 lakh crore, all of which has not been reintroduced in the form of remonetised currency. The two high-denomination bank notes comprised 86 per cent of the total currency in circulation.
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