No plans of introducing new Rs 1000 notes, Centre focusing on producing lower denomination currency: Shaktikanta Das

New Delhi: A day after reports about Rs 1000 notes coming into circulation surfaced, Secretary Economic Affairs Shaktikanta Das has refuted the view.

Das took to Twitter, on Wednesday, to issue a clarification on the matter. "We have no plans of introducing new Rs. 1,000 notes," stated Das."

He said that the focus will be on increasing production and supply of Rs. 500 and other notes of lower denomination," Das further clarified.

In a tweet that followed, Das assured that the request to monitor the withdrawal of cash is being assessed.

Also Read: RBI introduces facility for NRIs to exchange old Rs 500, Rs 1000 notes up to June 2017

"I request everyone to withdraw only the amount that is required, since excessive withdrawal of cash deprives cash for others," Das urged.

"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.

With ANI Inputs