New Delhi, Aug 23 (PTI) Finance Minister Arun Jaitley today said the government is not considering banning ₹ 2,000 notes, and the Reserve Bank will decide on the timing of issuing the new ₹ 200 bill.

The government has given the go-ahead to the RBI to issue ₹ 200 notes, a move that is aimed at easing the pressure on lower-denomination currency.

"The whole process regarding by when the notes will be printed, RBI will take care of that issue. Thus, it would be appropriate for the RBI to announce about dates and related matters to the note printing," Jaitley told reporters here.

When asked whether the government is considering to phase out ₹ 2,000 notes, he said: "No, there was no such discussion".

Following the demonetisation of old ₹ 500 and ₹ 1,000 notes on November 9 last year, the RBI had introduced ₹ 2,000 notes and new ₹ 500 notes with additional security features.

Ban on high-denomination notes denied; government approves new mid-denomination note with RBI deciding timing. Government confirms there is no consideration to ban high denomination notes and no discussion to phase them out. The government has authorised the central bank to issue a new mid denomination note to ease pressure on lower value currency, and the Reserve Bank will determine the timing, printing schedule, and related operational matters for issuance.