Rs 2,000 notes to be withdrawn: ‘Typical of our self-styled Vishwaguru’- Congress’ jibe at Modi govt
The Congress on Friday took a jibe at Modi authorities over Reserve Bank of India’s announcement that it’s going to withdraw Rs 2,000 notes by September 30, 2023 saying ‘Typical of our self-styled Vishwaguru.’
“Typical of our self-styled Vishwaguru. First Act, Second Think (FAST). 2000 rupee notes introduced with such fanfare after that singularly disastrous Tughlaqi firman of Nov 8 2016 are now being withdrawn,” Congress chief Jairam Ramesh tweeted.
“The ghost of 8th nov 2016 has come back to haunt the nation once again. The greatly propagated move of demonetisation continues to be a monumental disaster for this nation. The PM sermoned the nation on the benefits of the new 2000 notes, today when the printing is stopped what happened to all those promises? The government must explain its motive for such a step. The government continues its anti-people and anti-poor agenda. Hope the media questions the government on such a drastic measure and not attribute it to ‘chip shortage’ in the world,” Congress chief Pawan Khera tweeted.
In a shock transfer, the Reserve Bank of India (RBI) on Friday mentioned it would withdraw Rs 2000 forex observe from circulation. But, the observe will proceed to be authorized tender, it added. Exchange them by September 30, 2023, mentioned RBI. The facility for alternate of Rs 2,000 financial institution notes up to the restrict of Rs 20,000 at a time will be offered at the 19 Regional Offices (ROs) of the RBI having concern departments from May 23.
RBI suggested banks to cease issuing Rs 2000 denomination banknotes with instant impact although banknotes in Rs 2,000 denomination.Â
The Reserve Bank of India on Friday introduced the withdrawal of Rs 2,000 forex notes from circulation, and current notes in circulation can both be deposited in financial institution accounts or exchanged by September 30.
What RBI mentioned
In order to guarantee operational comfort and to keep away from disruption of common actions of financial institution branches, the RBI mentioned alternate of Rs 2,000 financial institution notes into financial institution notes of different denominations can be made up to a restrict of Rs 20,000 at a time at any financial institution ranging from May 23, 2023.
The RBI has suggested banks to cease issuing Rs 2,000 denomination banknotes with instant impact. The 2000-rupee banknote was launched by the RBI on 8 November 2016 after the demonetisation of Rs 500 and Rs 1000 banknotes. It was in circulation since 10 November 2016.Â
