₹2000 note withdrawal won’t disrupt the economy: Shaktikanta Das

Reserve Bank of India Governor Shaktikanta Das asserted on Wednesday that there will be no disruption to the economy owing to the ₹2000 currency note’s withdrawal, and said high denomination currencies lingering in the economy can create “collateral issues”.

Reserve Bank of India Governor Shaktikanta Das asserted on Wednesday that there will be no disruption to the economy owing to the ₹2000 currency note’s withdrawal, and said high denomination currencies lingering in the economy can create “collateral issues”.

“We are monitoring the situation regularly. I don’t think there is any concern or any major issue which is coming up… trade and business activities are going on,” he said.

“It’s not being used in transactions, it has completed its life cycle. So it was time to take it out … Any high denomination currency just remaining here and there, it can create other collateral issues,” he remarked.