Government may ban Rs 2000 note before 2019 Lok Sabha polls: Anil Bokil

Photo of new Indian currency notes of Rs 2000.

Hyderabad: Anil Bokil who is said to be the brain behind giving the idea of currency demonetisation to Prime Minister Narendra Modi believes that government might again ban new currency of Rs 2000 before 2019 Lok Sabha elections.

Bokil gave this statement during an event when he was asked that how can be demonetization be called successful when the government demonetized Rs 1000 currency notes and introduced new currency of Rs 2000 note as an alternative.

He said, “I believe that the introduction of Rs 2000 note is just a temporary solution after the demonetization of Rs 500 and Rs 1000 notes which were in high circulation in the country so that the economy does not get affected. The government might demonetise Rs 2,000 note too may be before the next general elections.”

Bokil believes that the population which is below the poverty line does not spend much money and the Rs 50 and Rs 100 notes which will be in circulation will be enough for them to sustain through cash transactions.

Interestingly, the Government of India on 8th November 2016 announced the demonetisation of all 500 and 1,000 banknotes.

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