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2000 Rupees Note: Ever since the Reserve Bank of India (RBI) has decided to withdraw the 2000 note from circulation, the news related to it is continuously coming. Before the introduction of Rs 2000 note, the then RBI Governor Raghuram Rajan had proposed to bring Rs 5000 and Rs 10,000 notes. After withdrawing the 2000 note from circulation, RBI Governor Shaktikanta Das had said that the move to remove it from circulation is part of the clean note policy. At the same time, he made it clear that the 2000 note will remain a valid currency.
Who gave the idea of bringing 10,000 notes
Do you know that there has been a controversy over the idea of introducing Rs 10,000 notes before the demonetisation in 2016 and the Rs 2,000 note launch. Former RBI Governor Raghuram Rajan had earlier suggested to introduce Rs 5,000 and Rs 10,000 notes. According to a report in the Economic Times, the central bank had suggested doing this in October 2014, according to information given by the RBI to the Public Accounts Committee. At that time, the reason behind bringing the 10,000 note was said to be less than the inflation of the 1000 rupee note.
Eighteen months later, in May 2016, the government informed the RBI about its decision to introduce Rs 2,000 notes. The then Finance Minister of that time, Arun Jaitley had said that the government did not accept the recommendation to introduce Rs 5,000 and Rs 10,000 notes. Later, former RBI governor Raghuram Rajan had said that it is difficult to keep high notes in circulation due to the fear of counterfeiting. In September 2015, he had expressed concern about the fact that if we make very big notes then there will be forgery.
P Chidambaram targeted for withdrawal of 2000 note
Politics has also heated up after the decision to withdraw the two thousand note from circulation. Taking a dig at this decision of RBI, P Chidambaram said that Rs 2000 note has helped black money hoarders. Along with this, he said that the government and the central bank are refusing to explain the reason behind this. Citing analysts, he said that this decision has come at a time when general elections are about to be held in different states in the country. Generally, the use of cash increases in this situation.
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