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Withdrawal of Rs 2000 notes: Only a fair investigation will reveal truth says Kharge

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Withdrawal of Rs 2000 notes: Only a fair investigation will reveal truth says Kharge
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New Delhi: Mallikarjun Kharge, the president of the Congress, criticised the government on Saturday, saying it had already given the economy a deep wound with demonetisation in 2016 and that only a fair investigation will reveal the truth. This came a day after the Reserve Bank of India announced the withdrawal of Rs 2,000 denomination banknotes from circulation.

In a tweet in Hindi, Kharge criticised the government for its decisions to execute demonetisation on November 8, 2016, and to remove the Rs 2,000 banknotes on Friday, "You had given a deep wound to the economy with the first demonetisation. Due to which the entire unorganised sector was destroyed, MSMEs stalled and crores of jobs were lost."

"Now the 'second demonetisation' on Rs 2,000 note... Is there a veil over the wrong decision? Only an unbiased investigation will reveal the truth," Kharge said.

The RBI on Friday said that it will withdraw the Rs 2,000 denomination banknotes from circulation but it will continue as legal tender till September 30.

The government announced its decision of demonetisation on November 8, 2016, and also the withdrawal of the legal tender status of all Rs 500 and Rs 1000 banknotes in circulation at that time.

Even former Union Finance Minister P. Chidambaram has also hit back at the government over its decision to withdraw the Rs 2,000 banknotes.

In a series of tweets, Chidambaram said, "As expected, the government or RBI have withdrawn the Rs 2,000 note and given time until September 30 to exchange the notes.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 cover up the foolish decision of demonetising Rs 500 and Rs 1000 notes which were popular and widely exchanged currencies.

"A few weeks after Demonetisation, the government/RBI were forced to re-introduce the Rs 500 note. I shall not be surprised if the government or RBI re-introduced the Rs 1000 note as well. Demonetisation has come full circle!" he said.

Chidambaram also said: "Rs 2000 note was never a 'clean' note. It was not used by the vast majority of the people. It was used only by people to keep their black money, temporarily!"


With inputs from IANS

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TAGS:Demonetisation2000 rupee bank notes
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