Think twice before hoarding Rs 2000 notes as government will replace them, says RSS ideologue S Gurumurthy
Here is a bad news for people thinking of hoarding the new Rs 2000 currency notes. At a time when the opposition is attacking the government for introducing the Rs 2000 currency notes after demonetization, a view has emerged that the new high denomination note may not have a long life.
In an exclusive interview to India Today news channel, RSS ideologue, journalist and chartered accountant S Gurumurthy said the new Rs 2000 notes may be phased out of the system in the next five years.
This statement is significant as Gurumurthy is a seasoned face and the government consults him on several issues. Moreover, the Opposition leaders like Arvind Kejriwal has wondered as to how introducing Rs 2000 notes would end corruption or black money.
Sharing his view on the issue, Gurumurthy said that Rs 2000 is "only a bridge" as the government had to bring it in place of the old Rs 1000 notes for the time being. The Rs 2000 notes will be phased out in the next 4-5 years.
When asked if the removal of Rs 2000 notes would shake people's confidence in the Indian currency, Gurmurthy said the notes would be gradually replaced by the currency notes of lower denomination and not declared illegal as it has been done in the case of old Rs 500 and Rs 1000 notes.
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Here is a bad news for people thinking of hoarding the new Rs 2000 currency notes. At a time when the opposition is attacking the government for introducing the Rs 2000 currency notes after demonetization, a view has emerged that the new high denomination note may not have a long life.
In an exclusive interview to India Today news channel, RSS ideologue, journalist and chartered accountant S Gurumurthy said the new Rs 2000 notes may be phased out of the system in the next five years.
This statement is significant as Gurumurthy is a seasoned face and the government consults him on several issues. Moreover, the Opposition leaders like Arvind Kejriwal has wondered as to how introducing Rs 2000 notes would end corruption or black money.
Sharing his view on the issue, Gurumurthy said that Rs 2000 is "only a bridge" as the government had to bring it in place of the old Rs 1000 notes for the time being. The Rs 2000 notes will be phased out in the next 4-5 years.
When asked if the removal of Rs 2000 notes would shake people's confidence in the Indian currency, Gurmurthy said the notes would be gradually replaced by the currency notes of lower denomination and not declared illegal as it has been done in the case of old Rs 500 and Rs 1000 notes.
Regards,
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