No plans to demonetise Rs 2,000 notes, says Govt
By Team Legistify / 2017-04-06

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There are no plans to demonetise the new Rs 2,000 currency notes, the government said on Wednesday, scotching "rumours" to this effect.

"We are seizing fake currency. As far as rumours in the market are concerned, we should not go by such rumours," Minister of State for Home Kiren Rijiju said in the Rajya Sabha.

He was responding to a question by Congress member Madhusudan Mistry during Question Hour seeking to know if the government will demonetise Rs 2,000 currency notes as there were "strong rumours" in the market.

The Minister said fake currency has mostly been seized from Gujarat and West Bengal. "But it is not correct that fake currencies cannot be identified. It is not true," he said.

Counterfeit currency that came into the market after demonetisation were made of low quality paper which was easy to make out. But later fake currency notes with better quality paper started coming in, Rijiju said.

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