Minister Arun Jaitley
on Wednesday said the government
is not considering banning Rs 2,000 notes, and the Reserve Bank
will decide on the timing of issuing the new Rs 200 bill.
has given the go-ahead to the RBI
to issue Rs 200 notes, a move that is aimed at easing the pressure on lower-denomination currency.
"The whole process regarding by when the notes will be printed, RBI
will take care of that issue. Thus, it would be appropriate for the RBI
to announce about dates and related matters to the note printing," Jaitley told reporters here.
When asked whether the government
is considering to phase out Rs 2,000 notes, he said: "No, there was no such discussion".
Following the demonetisation
of old Rs 500 and Rs 1,000 notes on November 9 last year, the RBI
had introduced Rs 2,000 notes and new Rs 500 notes with additional security features.