Media Brief by RBI Governor Urjit Patel Over Demonitising 500 & 1000 Rs Notes
RBI Governor, Urjit Patel has briefed the media over demonitising Rs 500 and Rs 1000 notes. Urjit Patel said that there can be many objectives attained with demonitisation of high denomination notes and he explained that, these motives led them to take this decision against these notes. Patel further stated that the new high denominations notes are under production and they will be brought into usage, once enough currency is printed. Watch the video to listen to RBI Governor's press meet on banning Rs 500 and Rs 1000 notes.