Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Hindu
The Hindu
National
L. Srikrishna

Union govt. has rectified its mistake after 7 years, says Chidambaram on withdrawal of ₹2,000 currency

Veteran Congress leader and former Union Finance Minister P. Chidambaram on Sunday said he was happy that the BJP government at the Centre has withdrawn the ₹2000 denomination currency notes from circulation at least now.

Speaking to reporters in Karaikudi, he said the Congress had vehemently opposed the introduction of the ₹2000 currency notes then. Not listening to the observations of the Opposition, the BJP government went ahead with it stating that it was a move to curb the black money, he said.

The former FM further added that the government claimed that black money was in the denominations of ₹500 and ₹1000 and that they withdrew the denominations from circulation in 2016. Hence, they introduced ₹2000 currency notes. This was not only a mistake, but also a hasty move.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.