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1,000 rupee notes to be re-introduced
Three months after Narendra Modi-led BJP government took the decision of demonetisation, leaving the Rs 1,000 & Rs 500 notes legally invalid, the government is planning to bring back Rs 1,000 notes – only with a new design.

As per various reports, printing of the new Rs 1,000 notes has already started and the notes may soon be introduced into the economy.

A sample image of the new Rs 1,000 has been widely circulating on social media but it could not be confirmed whether the image is authentic or not. The image shows the new note to be of violet colour with a lot of resemblance with the new Rs 2,000 note.

The news of re-introduction of the 1,000 rupee note has already started receiving criticism with opposition leaders questioning the whole motive behind the demonetisation drive.

CPI (M) General Secretary Sitaram Yechury reacted sharply to reports of re-introduction of Rs 1,000 notes.

"Rs 1,000 notes set to be back? So what was this demonetisation about, destroying lives, livelihoods and crashing our Economy?" Yechury said in his tweet with hashtag - #Jumlanomics.

According to a report in Indian Express, the Reserve Bank of India (RBI) had planned to launch the new note in January but the decision was put on hold as the RBI was busy supplying Rs 500 notes.

The demonetisation decision announced on November 8 left notes worth Rs 15.44 lakh crore being termed illegal in an economy where such notes constituted 86 per cent of the cash available in the economy.

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