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"Notebandi," Says Opposition. "Rs 2,000 Notes Will Remain Valid," Says BJP

"Notebandi," Says Opposition. "Rs 2,000 Notes Will Remain Valid," Says BJP

NDTV
Saturday, May 20, 2023 04:02:09 PM UTC

The Rs 2,000 notes will continue to be valid even after the exchange or deposit deadline of September 30. People can deposit or exchange the high-value notes for lower denomination ones up to Rs 20,000 at a time

Opposition leaders have criticised the government over the central bank's announcement that it will withdraw Rs 2,000 notes from circulation. They have compared the move to the overnight ban of high-value currency notes in November 2016.

The ruling BJP has rejected the allegations and pointed out that the Rs 2,000 note will continue to remain valid, as announced by the Reserve Bank of India (RBI).

West Bengal Chief Minister Mamata Banerjee said the latest move will "hit the common people hard once again".

Congress president Mallikarjun Kharge called for an investigation. "You inflicted a deep wound on the economy with the first demonetisation. Due to this, the entire unorganised sector was destroyed, MSMEs were closed down and crores of jobs were lost," Mr Kharge said. "Now, the second demonetisation of Rs 2,000 note is here... Is this a cover-up of a wrong decision? Only an unbiased investigation will reveal the truth," he alleged.

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