After ₹2000 demonetisation, is ₹500 note next? Will ₹1,000 banknotes return in circulation? Govt replies

livemint.com:

₹2,000 currency notes from circulation in mid-May this year. The last date to submit ₹2000 currency notes in bank is September.  In the ongoing monsoon session, the Finance Ministry was asked about the demonetisation of ₹500 notes and the reintroduction of ₹1,000 notes in the economy.

The Finance ministry denied the demonetisation of the highest denomination of currency notes existent in the economy (i.e. ₹500 notes).

In response to the question of the reintroduction of ₹1,000 currency notes, the ministry said, “ According to RBI, the withdrawal was a currency management operation planned to avoid any inconvenience to public or any disruption in the economy. Further, withdrawal of ₹2000 banknotes has been factored in, in the current year’s requirement and sufficient buffer stock of banknotes in other denominations is being maintained across the country to meet exchange / withdrawal requirements." The answer states that after the withdrawal of the ₹2,000 currency notes, there is enought buffer stock of banknotes in other denominations maintained across country.