TIL Desk/Business/New Delhi/ Former finance minister P Chidambaram today said the “ghost” of demonetisation has come back to haunt the government and alleged that the Rs 2,000 notes were printed only to help hoarders.
In the wake of cash crunch in some parts of the country, he also said there was a possibility that people have lost confidence in the banking system due to the “bank scams” and they were not putting their surplus money into the banks.
“The ghost of demonetisation has come back to haunt the Govt/RBI. Why are ATMs still being re-calibrated even 17 months after demonetisation?
“After demonetising 500 and 1000 rupee notes, Govt printed Rs 2000 notes! Now, Govt is complaining that Rs 2000 notes are being hoarded!! We always knew that Rs 2000 notes were printed only to help hoarders,” he said in a series of tweets.
Dismissing the statement of the Reserve Bank of India that there was no shortage of currency in the system as “unsatisfactory”, the senior Congress leader said if the RBI has printed and supplied sufficient cash, it must explain why there is a cash shortage.
