New Delhi: Congress MP and former finance minister P Chidambaram on Monday stated that the Centre’s determination to introduce Rs 2,000 forex notes in 2016 was a ‘silly transfer’ and stated that he’s ‘glad’ that it’s being withdrawn. Taking to his official Twitter account, he stated that the Bharatiya Janata Party’s spin that the Rs 2,000 notes are being withdrawn to ‘unearth black cash’ stands ‘demolished’. His response got here after the Reserve Bank of India (RBI) on Friday stated it can withdraw Rs 2,000 notes from circulation and other people can trade or deposit them of their financial institution accounts until September 30.
“Banks have clarified that no identity, no forms and no proof will be required to exchange the Rs 2000 notes The BJP’s spin that the Rs 2000 notes are being withdrawn to unearth black money stands demolished,” P Chidambaram tweeted.
The Rajya Sabha MP additionally acknowledged that atypical individuals should not have Rs 2,000 forex notes.
“They shunned it soon after it was introduced in 2016. They were useless for daily retail exchange So, who kept the Rs 2000 notes and used them? You know the answer. The Rs 2000 note only helped keepers of black money to hoard their money with ease,” he alleged.
Chidambaram added that the keepers of Rs 2,000 notes are being welcomed on a pink carpet to trade their notes.
“So much for the government’s declared objective of rooting out black money. The Rs 2000 note was a foolish move in 2016. I am glad that the foolish move is being withdrawn at least 7 years later,” he wrote.
Banks have clarified that no identification, no kinds and no proof will probably be required to trade the Rs 2000 notes
The BJP’s spin that the Rs 2000 notes are being withdrawn to unearth black cash stands demolished
Ordinary individuals should not have Rs 2000 notes. They shunned it quickly after…
— P. Chidambaram (@PChidambaram_IN) May 22, 2023
The Rs 2,000 denomination banknotes have been launched in November 2016, primarily to quickly meet the forex requirement of the economic system after the withdrawal of the authorized tender standing of all Rs 500 and Rs 1,000 notes in circulation at the moment.
According to RBI, the aim of introducing Rs 2,000 banknotes was served as soon as banknotes of different denominations turned out there in adequate amount.
The RBI stated it has additionally been noticed that the Rs 2,000 denomination word isn’t generally used for transactions. Further, the inventory of banknotes in different denominations continues to be sufficient to fulfill the forex requirement of the general public.
“In view of the above, and in pursuance of the ‘Clean Note Policy’ of the Reserve Bank of India, it has been decided to withdraw the Rs 2,000 denomination bank notes from circulation,” it stated.
