No intention to recall Rs 100 & Rs 50 notes, government clarifies

NEW DELHI: Seeking to dispel rumours making the rounds, the government today said there is no intention to demonetise Rs 100 and Rs 50 notes. In a series of tweets, the government described as “myth” a rumour that the PM will again address the nation to declare Rs 50 and Rs 100 as invalid currency. “Baseless; no intention of cancelling legal tender status of notes of any other denomination,” PIB said in a tweet.

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It also described as “myth” the contention that cost of demonetisation is more than the benefits. There is no intention to seal bank lockers and freeze gold and diamond jewellery. On complaints that Rs 2,000 notes are of poor quality and colour comes off, the government said there is no need to worry as this is a security feature. “Currency notes have a security feature called intaglio printing. The first test for a genuine currency note is to rub it with a cloth; this creates a turbo-electric effect, transferring the ink colour onto the cloth,” it said.


Dismissing the rumour that Rs 2,000 note is fitted with a chip, PIB tweeted that it is just a figment of imagination. On rumours that people will find other means to circumvent law, it said. “Enforcement agencies are keeping necessary watch,” it said.