P Chinabaram On 2000 Note: The Reserve Bank of India (RBI) decided to withdraw the Rs 2,000 note from circulation on Friday (May 19). The Reserve Bank said that from May 23 to September 30, people will be able to exchange Rs 2,000 notes up to Rs 20,000 in one go. Former Finance Minister and senior Congress leader P. Chidambaram has attacked the government on this decision. He said that demonetisation has once again come full circle.
Chidambaram said that a few weeks after demonetisation, the 500 note was brought back by pressurizing the RBI. I would not be surprised at all if RBI brings back the Rs 1000 note as well.
P. Chidambaram wrote on the tweet that I had the same hope that RBI would withdraw the note of two thousand rupees. He claimed that Rs 2,000 note is hardly a popular medium of exchange (transaction), we said this on November 2016 and we have been proved right.
As expected, the government/RBI have withdrawn the Rs 2000 note and given time till September 30 to exchange the notes
The Rs 2000 note is hardly a popular medium of exchange. We said this in November 2016 and we have been proved correct
The Rs 2000 note was a band-aid to…
— P. Chidambaram (@PChidambaram_IN) May 19, 2023
What did P. Chidambaram say?
Senior Congress leader P. Chidambaram said that the Rs 2,000 note was introduced to hide the foolish decision of demonetisation of Rs 500 and Rs 1,000 notes. Whereas during this time 500 and 1000 notes were a famous medium of transaction.
Let us inform that in November 2016 the Prime Minister Narendra Modi announced demonetisation. During this, the central government had claimed that the decision of demonetisation has been brought to end black money and corruption.
In a statement released on Friday evening, the RBI said that the Rs 2,000 notes currently in circulation will continue to be legal tender. RBI has asked the banks to provide the facility of depositing and exchanging these notes till 30 September. Rs 2,000 notes can be exchanged in banks from May 23. However, only notes worth Rs 20,000 will be exchanged at a time.
read this also- 2000 Rupees Note: From May 23, up to a limit of Rs 20,000, 2000 rupee notes can be changed from the bank, notes can be deposited in accounts
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