Via PTI
NEW DELHI: Senior Congress chief P Chidambaram on Friday hit out on the executive after the RBI introduced the withdrawal of Rs 2,000 forex notes from movement, announcing the Rs 2,000 be aware used to be a “band-aid” to hide up the “silly resolution” of demonetising Rs 500 and Rs 1,000 notes.
The previous Union finance minister stated that a couple of weeks after demonetisation, the federal government and the RBI had been compelled to re-introduce the Rs 500 be aware and he may not be stunned if the Centre re-introduces the Rs 1,000 be aware as neatly.
In a wonder transfer, the Reserve Financial institution of India (RBI) on Friday introduced the withdrawal of Rs 2,000 forex notes from movement however gave public time until September 30 to both deposit such notes in accounts or trade them at banks.
Not like the November 2016 surprise demonetisation when previous Rs 500 and Rs 1,000 notes had been invalidated in a single day, the Rs 2,000 notes will proceed to be prison soft until September 30.
In a tweet, Chidambaram stated, “As anticipated, the federal government/RBI have withdrawn the Rs 2,000 be aware and given time till September 30 to interchange the notes. The Rs 2,000 be aware is rarely a well-liked medium of trade. We stated this in November 2016 and we’ve got been proved proper.”
ALSO READ | ‘First act, 2nd assume’: Congress slams PM over withdrawal of Rs 2,000 notes
The Rs 2,000 be aware used to be a “band-aid” to hide up the “silly resolution” of demonetising Rs 500 and Rs 1,000 notes that have been common and extensively exchanged currencies, the previous finance minister stated.
A couple of weeks after demonetisation, the federal government and the RBI had been compelled to re-introduce the Rs 500 be aware, Chidambaram stated. “I shall now not be stunned if the federal government/RBI re-introduced the Rs 1,000 be aware as neatly. Demonetisation has come complete circle!” he stated.
The Rs 2000 be aware used to be by no means a “blank” be aware, Chidambaram stated, including that it used to be now not utilized by the majority of the folks. “It used to be used best through folks to stay their black cash, briefly!” he stated.
In a commentary, the RBI stated it has requested banks to prevent issuing Rs 2,000 notes with instant impact.
Whilst the RBI didn’t specify a prohibit for depositing the Rs 2,000 forex notes in financial institution accounts, the trade of a most of Rs 20,000 (10 notes of Rs 2,000) for different forex notes will likely be allowed at a time.
NEW DELHI: Senior Congress chief P Chidambaram on Friday hit out on the executive after the RBI introduced the withdrawal of Rs 2,000 forex notes from movement, announcing the Rs 2,000 be aware used to be a “band-aid” to hide up the “silly resolution” of demonetising Rs 500 and Rs 1,000 notes.
The previous Union finance minister stated that a couple of weeks after demonetisation, the federal government and the RBI had been compelled to re-introduce the Rs 500 be aware and he may not be stunned if the Centre re-introduces the Rs 1,000 be aware as neatly.
In a wonder transfer, the Reserve Financial institution of India (RBI) on Friday introduced the withdrawal of Rs 2,000 forex notes from movement however gave public time until September 30 to both deposit such notes in accounts or trade them at banks.googletag.cmd.push(serve as() googletag.show(‘div-gpt-ad-8052921-2’); );
Not like the November 2016 surprise demonetisation when previous Rs 500 and Rs 1,000 notes had been invalidated in a single day, the Rs 2,000 notes will proceed to be prison soft until September 30.
In a tweet, Chidambaram stated, “As anticipated, the federal government/RBI have withdrawn the Rs 2,000 be aware and given time till September 30 to interchange the notes. The Rs 2,000 be aware is rarely a well-liked medium of trade. We stated this in November 2016 and we’ve got been proved proper.”
ALSO READ | ‘First act, 2nd assume’: Congress slams PM over withdrawal of Rs 2,000 notes
The Rs 2,000 be aware used to be a “band-aid” to hide up the “silly resolution” of demonetising Rs 500 and Rs 1,000 notes that have been common and extensively exchanged currencies, the previous finance minister stated.
A couple of weeks after demonetisation, the federal government and the RBI had been compelled to re-introduce the Rs 500 be aware, Chidambaram stated. “I shall now not be stunned if the federal government/RBI re-introduced the Rs 1,000 be aware as neatly. Demonetisation has come complete circle!” he stated.
The Rs 2000 be aware used to be by no means a “blank” be aware, Chidambaram stated, including that it used to be now not utilized by the majority of the folks. “It used to be used best through folks to stay their black cash, briefly!” he stated.
In a commentary, the RBI stated it has requested banks to prevent issuing Rs 2,000 notes with instant impact.
Whilst the RBI didn’t specify a prohibit for depositing the Rs 2,000 forex notes in financial institution accounts, the trade of a most of Rs 20,000 (10 notes of Rs 2,000) for different forex notes will likely be allowed at a time.