Stalin Takes Veiled Swipe At Centre Over RBI's Move To Withdraw Rs 2,000 Notes

In a veiled swipe at the BJP-led Centre, Tamil Nadu Chief Minister M K Stalin on Saturday said the Rs 2,000 currency notes withdrawal move is a ploy to hide the Saffron party's electoral debacle, as reported by PTI.

On his Twitter handle Stalin said: ''500 suspicions, 1000 mysteries, 2,000 mistakes ! A single trick to conceal the electoral fiasco in Karnataka #2000Note #Demonetisation.''

Apparently, the reference was to the 2016 demonetisation exercise of Rs 500 and Rs 1,000 banknotes and the present announcement on the withdrawal of the higher denomination currency notes.

The RBI on Friday announced the withdrawal of Rs 2,000 currency notes from circulation and said the existing notes with the public can either be deposited in bank accounts or exchanged by September 30.

The note had been introduced in November 2016 after Prime Minister Narendra Modi announced the scrapping of high-value Rs 500 and Rs 1000 notes.