"RBI has sufficient stock to inject a lot more currency which they will continue. Yesterday, I had gone around Delhi and we're getting reports from all over the country the crowds at the banks have eased significantly," he said.
Prime Minister Narendra Modi in a surprise announcement on November 8 declared the old Rs 500 and 1,000 notes invalid.
While RBI will continue remonetisation exercise which is market driven depending on how much currency it will require.
The Finance Minister further said that from tomorrow onwards banks will have only valid currencies.
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When asked when the cap on withdrawal limit would be lifted, Jaitley said "please wait. When we decide we will let you know."
On rise in search and seizure operation by the tax department, he said "that only shows the mass scale and manner in which people have indulged in currency racketeering itself justifies the Prime Minister's decision of November 8."
On reaction to former Finance Minister P Chidambaram comment, Jaitley said "I would like to learn that economics where lower GDP leads to higher tax revenues."
Chidambaram wondered that how could there be buoyancy in revenue collection if GDP is moderating as projected by RBI due to demonetisation.