The government on Friday said that printing of Rs 2,000 bank notes has been stopped for now as there is enough stock in circulation.
The Centre issued the statement after media reported that Rs 2,000-rupee bank notes are being phased out.
"Printing of notes is planned per projected requirement and now, over 35 per cent of the notes in circulation are those of Rs 2,000," Economic Affairs Secretary Subhash Chandra Garg said.
Printing of notes is planned as per the projected requirement. We have more than adequate notes of Rs 2000 in the system with over 35% of notes by value in circulation being of Rs 2000. There has been no decision regarding 2000 rupee note production recently.