Banks, Post Offices See Long Queues Of People For Exchange Of Rs 500, Rs 1000 Notes

All denominations of currency notes, beginning with Rs 1000 notes, will be reintroduced with enhanced security features in the coming months, Economic Affairs Secretary Shaktikanta Das announced Thursday. The fresh notes will come with a new colour combination and design, he said. Finance Minsiter Arun Jaitley, who was also present at the press conference, said that banks would remain open over the weekend to facilitate the smooth exchange of the scrapped Rs 500 and Rs 1000 notes. Saying that the demonetisation of Rs 500 and Rs 1000 would impact small purchases for a few days, till there is adequate currency, Jaitley said it will be beneficial in the long run.