RBI Governor Clarifies: No Plans to Withdraw ₹500 Notes and Re-issue ₹1000 Notes
Reserve Bank of India (RBI) Governor Shaktikanta Das has cleared the air on the rumors surrounding the withdrawal of ₹500 and re-issuance of ₹1000 notes. Das has stated that the central bank has no such plans and has advised people to avoid such speculations.
Background:
– The RBI had recently announced the withdrawal of ₹2000 notes, leading to rumors about the fate of ₹500 and ₹1000 notes.
– The rumors had claimed that the RBI would withdraw ₹500 notes and re-issue ₹1000 notes.
What the RBI Governor said:
– The central bank has no plans to withdraw ₹500 notes and re-issue ₹1000 notes.
– People should avoid such speculations.
The RBI Governor’s statement will provide some relief to those who were concerned about the possibility of another demonetization exercise. The withdrawal of ₹2000 notes was announced as a measure to reduce the circulation of high-value currency notes.
In conclusion, RBI Governor Shaktikanta Das has clarified that the central bank has no plans to withdraw ₹500 notes and re-issue ₹1000 notes. People should avoid speculations and not fall prey to rumors.
