Rs 2,000 notes not being phased out: Govt

The Centre has not yet decided on further printing of Rs 2,000 notes as there are more than adequate notes of this denomination in the system, Economic Affairs Secretary Subhash Chandra Garg tweeted on Friday.Printing of notes is planned as per requirement, and now, Rs 2,000 notes constitute 35 percent by value of the total circulation, Garg added. "There has been no recent decision regarding Rs 2,000 note production," Garg said in his tweet. Printing of notes is planned as per the projected requirement. We have more than adequate notes of Rs 2000 in the s… https://t.co/5guXnL64VL— Subhash Chandra Garg (@SecretaryDEA) 1546582285000 The comment comes a day after a media report, which stated that the government has stopped printing Rs 2,000 notes and plans to phase it out.

from Economic Times http://bit.ly/2R690XL