Within days of introducing new Rs 200 notes, the finance ministry on Tuesday ruled out reintroduction of Rs 1000 notes that were scrapped as part of the demonetisation move last November.

“There is no proposal to reintroduce Rs 1000 note,” said economic affairs secretary Subhash Chandra Garg in a tweet.

The statement comes amid reports that the government may reintroduce Rs 1000 notes.

The government had announced the withdrawal of old Rs 500 and Rs 1000 currency notes on 8 November 2016, with an aim to check black money, fake notes and terror financing.

On August 25, the Reserve Bank of India (RBI) launched a bright yellow Rs 200 note to ease pressure on lower-denomination currency bills and also fill the “missing link” between Rs 100 and Rs 500 currency.

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