Finance Minister Arun Jaitley and Economic Affairs Secretary Shaktikanta Das on Thursday allayed fears regarding demonetisation and said that the government has taken a bold decision in an effort to clean up the black money market.
In an exclusive interview to News18, Jaitley said the RBI’s original suggestion was to bring currency notes of Rs 5,000 and Rs 10,000 denomination and that politicians opposing the move were only “exposing themselves”.
He also asked the public not to beware of social media rumours and said the printing of new Rs 500 and Rs 2,000 notes “began months ago”.
Earlier in the day, Economic Affairs Secretary Shaktikanta Das said Rs 1,000 currency notes will be re-introduced in a few months with enhanced security features and in a different colour.
Huge crowds were witnessed outside banks on Thursday with people queuing in to deposit their old notes.
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