New Delhi, May 24 (ANI): RBI Governor Shaktikanta Das addresses at the CII Annual Session on ‘Future Frontiers: Competitiveness, Technology, Sustainability, Internationalization’, in New Delhi on Wednesday. (ANI Photo/Mohd Zakir)
| Photo Credit: ANI
Reserve Bank of India Governor Shaktikanta Das asserted on Wednesday that there will probably be no disruption to the economic system owing to the ₹2000 foreign money note’s withdrawal, and mentioned excessive denomination currencies lingering in the economic system can create “collateral issues”.
“We are monitoring the situation regularly. I don’t think there is any concern or any major issue which is coming up… trade and business activities are going on,” he mentioned.
“It’s not being used in transactions, it has completed its life cycle. So it was time to take it out … Any high denomination currency just remaining here and there, it can create other collateral issues,” he remarked.
