New currency notes of Rs 50, Rs 100 and Rs 1,000 soon

Photo of Economic Affairs Secretary Shaktikanta Das.

New Delhi: The government of India today said that the newly designed currency notes of Rs 50 and Rs 100 with high security features will soon be issued without withdrawing the exciting rupees.

The decision of the government came after demonetization of Rs 500 and Rs 1,000 banknotes on Tuesday.

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The Economic Affairs Secretary Shaktikanta Das told media persons at the second day of the Economic Editor’s Conference that started here on Thursday, “Design of Rs 50 and Rs 100 will also be changed. These notes with new design features will be slowly infused (into the system).”

He further added, “The existing Rs 50 and Rs 100 notes will continue to be legal tender.”

Shaktikanta said the new Rs 1,000 notes having new design and security features will also be issued soon.

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The government demonetised Rs 500 and Rs 1,000 notes from November 8 midnight. New notes of Rs 500 and Rs 2,000 denomination are being issued starting from Thursday by the banks and post offices. No new Rs 1,000 notes are being issued immediately.

Millions of anxious people throng banks to exchange old notes amid security at banks and post offices on Thursday to exchange their old Rs 500 and Rs 1,000 notes.

The government has directed all banks to work for 12 hours on Thursday, Friday, Saturday and Sunday to clear the rush of desperate customers for exchange transactions and, if required, remain open even next Sunday (November 20th).

All trade, commerce, grocery shops, saloons, multiplexes, malls and others came to a standstill on Wednesday.

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