FM Nirmala Sitharaman Rubbishes Media Reports Of Instructions To Banks On Stopping Rs 2,000 Notes

Finance Minister Nirmala Sitharaman on Wednesday (26 February) said that no instructions have been given to banks on stopping issuing notes of Rs 2,000 denomination.

"As far as I know, no such instruction has been given to the banks (on stopping issue of Rs 2000 notes)," she said at a meeting with heads of PSU banks.

The Minister''s comments come after reports of ATM recalibration to phase out of Rs 2,000 notes and that the largest currency denomination will remain legal tender, but would be gradually phased out of public circulation.

(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)