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Government debunks rumours of ban on Rs 50, Rs 100 notes via Twitter


Government debunks rumours of ban on Rs 50, Rs 100 notes via Twitter
Dismissing rumours that Rs 2,000 note is fitted with a chip, the PIB also tweeted that such an idea was just a “figment of imagination”. (Photo: File)

New Delhi: The government on Wednesday said it had no intention to demonetise Rs 50 and Rs 100 notes, or to seal bank lockers and seize jewellery.

The Press Information Bureau (PIB) in a series of tweets denied several rumours floating around following demonetisation, calling them ‘myths’.

Amid rumours that the government was considering demonetising currency of other denominations too, the PIB sought to reassure a public agitated by absence of new notes at banks and ATMs over the past week.

Prime Minister Narendra Modi had announced the introduction of new Rs 2,000 and Rs 500 notes in a different colour and design, in the same speech in which he declared that the old Rs 1000 and Rs 500 notes would no longer be legal tender.

The government says this is a move to root out black money from the economy, but critics and Opposition parties have claimed that it only hurts the common man, and have slammed the way the move was implemented.

On complaints that Rs 2,000 notes are of poor quality and bleed colour, the government has said it is a security feature.

Dismissing rumours that Rs 2,000 note is fitted with a chip, the PIB also tweeted that such an idea was just a “figment of imagination”.

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