AMN / New Delhi
UNION Finance Minister Arun Jaitley Thursday dismissed reports that government was considering of phasing out of Rs 2000 notes.
On being asked about whether the government is considering phasing out Rs 2000 notes, he said, “No, there was no such discussion.” On release of Rs 200 notes, the minister said that the Reserve Bank of India (RBI) will decide on the timing of the release of the new Rs 200 note.
“The whole process regarding by when the notes will be printed, RBI will take care of that issue. Thus, it would be appropriate for the RBI to announce about dates and related matters to the note printing,” Mr Jaitley told reporters here. Rs 2000 notes were introduced after Prime Minister Narendra Modi had announced the banning of Rs 500 and Rs 1000 notes on November.