No, it is not true. 'As of now'.

News agency ANI quoting official sources says as of now there is no proposal by the government to stop exchange of old currency notes.

This comes after reports that the government is considering stopping the exchange of old notes for new ones.


Just yesterday, the limit on a one-time swap of old notes for new ones was lowered from Rs  4,500 to Rs 2,000.


The government said it was doing it because it was concerned about the "clogging of the banking system".

Reports have shown the same people trading in old Rs 500 and Rs. 1,000 notes, depriving others of their entitlement.

Old Rs 500 and Rs 1,000 notes must be deposited in banks by December 30. 2,000.

Finance Ministry officials acknowledged that there was clear evidence of people using proxies to collect the new notes, or of those who had already collected their quota or lining up again at banks.

To prevent this, banks were told to use indelible ink to mark those who'd made the swap.