1000 Rs New Note: New 1000 Notes Coming Back from Jan 2023, Outlaw Rs.2000 notes?; Check Details Here

As part of the government’s effort to combat the threat of counterfeit currency notes, terror financing, black money, and tax evasion, it must be mentioned that Rs 1,000 notes were taken out of circulation.

Days after the government said that there had been no new indent for printing Rs.2000 currency notes from 2018–19, a viral video that has been circulating on social media asserts that Rs 1000 notes will return on January 1, 2023. However, the assertion is untrue.

The Indian government’s PIB Fact Check used the microblogging site Twitter to warn individuals not to make such baseless and deceptive assertions.

PIB Fact Check wrote on Twitter, “A viral video on social media is stating that Rs 1000 notes will come from January 1 and Rs.2000 notes will return to banks, the assertion is false. Please refrain from spreading such a false message. The Central Government has not decided to outlaw Rs.2000 notes, it continued.”

सोशल मीडिया पर वायरल वीडियों में दावा किया जा रहा कि 1 जनवरी से 1 हजार का नया नोट आने वाले हैं और 2 हजार के नोट बैंकों में वापस लौट जाएंगे। #PIBFactCheck

▶️ये दावा फर्जी है।

▶️कृपया ऐसे भ्रामक मैसेज फॉरवर्ड ना करें। pic.twitter.com/rBdY2ZpmM4

— PIB Fact Check (@PIBFactCheck) December 16, 2022

In response to a question in Parliament, the Ministry of Finance has stated in writing that “No fresh indent has been placed with the presses for printing of Rs 2,000 denomination notes from 2018-19 onwards.”

In May of this year, the RBI presented its annual report, which stated, “274 crores of the Rs 2,000 denomination notes were in circulation as of the end of March 2020, making up 2.4% of all currency notes in use. As of March 2021, the count had decreased to 245 crores, or 2 percent of all banknotes in circulation, and had further decreased to 214 crores, or 1.6 percent, at the end of the previous financial year.”