Rs 2,000 note helped black money hoarders: P. Chidambaram

New Delhi (IANS) | Hitting out at the Centre’s move to withdraw Rs 2,000 notes from circulation, senior Congress leader P. Chidambaram on Monday said the Rs 2,000 note only helped black money hoarders deposit their money. Taking to Twitter, the former Union minister said, “Banks have clarified that no identification, no form and no proof will be required to exchange Rs 2,000 notes.”
“The BJP’s ploy to withdraw Rs 2,000 notes to unearth black money has failed,” he said.
Common people do not have Rs 2,000 notes. They abandoned it soon after it was introduced in 2016. They were useless for daily retail exchange.
So, who holds and uses Rs 2,000 notes? you know the answer
The Rs 2,000 note only helped black money hoarders to deposit their money easily. Those holding Rs 2000 notes are being welcomed on the red carpet to exchange their notes!
The Congress leader said the Rs 2,000 note was a foolish step in the government’s stated objective of rooting out black money. I am glad that after 7 years the foolish move is being rolled back.
His remarks came after the State Bank of India issued a clarification regarding the exchange of Rs 2,000 notes on May 20.
In a circular, SBI said that people will not be required to fill requisition forms if a person wants to exchange their Rs 2,000 notes to the extent of Rs 20,000 at a time.
On 19 May, the Reserve Bank of India had announced the withdrawal of Rs 2,000 notes from circulation and also said that it would continue as legal tender till 30 September.