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  • No intention to demonetise Rs 100 and 50 notes: Govt

    Published on November 17, 2016


    New Delhi: Government has said, there is no intention to demonetise 100 and 50 rupee notes in a series of tweets, Press Information Bureau (PIB) described as a myth, rumour that the Prime Minister will again address the nation to declare 50 and 100 as invalid currency.

    It said, there is no intention of cancelling legal tender status of notes of any other denomination. The government also said, there is no intention to seal bank lockers and freeze gold and diamond jewellery.

    On complaints that 2,000 rupee notes are of poor quality and colour comes off, the government said there is no need to worry as this is a security feature.

    It said, to check black money, enforcement agencies are keeping a necessary watch, and amendments have been made in Benami Transactions Act 2016 and information sharing agreements with foreign governments.