No move to ban Rs 2,000 notes: FM

The government is not considering banning Rs 2,000 notes and RBI will decide on the timing of issuing the new Rs 200 bill, said finance mi­n­ister Arun Jaitley on Wedn­e­sday. “No, there was no discussion (on phasing out Rs 2,000 notes),” he said.

RBI has been given the go-ahead to issue Rs 200 no­t­es, a move that is aimed at easing the pressure on lo­wer-denomination currency.

“The whole process regarding by when the notes will be printed, RBI will take care of that issue. Thus, it would be appropriate for RBI to announce about dates and related matters to the note printing,” Jaitley told reporters.