Is Govt planning to Re-introduce 1000 rupee note?

New Delhi February 21: Union Govt is planning to re-interduce the 1000 rupees in near future according to from the reliable sources.

Barely three months after Prime Minister Narendra Modi's demonetisation move banning the circulation of Rs 1,000 note, the government is planning to bring back note of similar denomination in a new avatar soon.

On November 8, PM Modi on 8 November had declared Rs 500 and Rs 1,000 notes illegal blaming them for promoting black money. The government had then introduced new Rs 500 and Rs 2,000 notes.

Reports suggest that printing of new Rs 1,000 note has already begun and it may be introduced soon. According to officials, the Reserve Bank of India (RBI) had planned to launch the new note in January but it was delayed as the central bank was pre-occupied with pressing need to supply Rs 500 notes.



More than 200 people had died due to demonetization related stress. The government and the RBI had come under plenty of criticism for constantly changing policies during the demonetization period. More than 70 new rules were passed during the 50 day period of the note ban.

Prime Minister Modi had promised to restore normalcy by 30 December, but ATMs across the country continue to remain without cash.

A sample of the new Rs 1,000 is being circulated on social media, however, we can not confirm whether the yet-to-be-launched note is similar to photos of which have gone viral.

The violet coloured note bears of a lot of resemblance with the new Rs 2,000 note. Interestingly, images of new Rs 2,000 note were also leaked on social media prior to its launch.