NEW DELHI: RBI governor Shaktikanta Das on Monday said there was no proposal to introduce Rs 1,000 notes and insisted that the decision to withdraw the high-value notes was part of the RBI’s clean note policy and the purpose of remonetisation, following the 2016 demonetisation, has been achieved. Das also said that the security features of the Mahatama Gandhi series notes had not been breached despite it being vulnerable to attempts to clone it.
Amid concerns over the withdrawal of the Rs 2,000 notes, he said the decision will have a “very marginal impact” on the economy as the share of Rs 2,000 notes was just over 10% of the notes in circulation and they were not used extensively in transactions.
