Former Chief Economic Advisor told the right reason on 2000 note ban

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Former CEA gave 6 reasons for demonetisation of 2000

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The former CEA said that 2000 notes are recovered in large quantities after raids at many places.

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In such a situation, due to the closure of the circulation of these notes, it will not be able to be misused.

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The closure of the circulation of 2000 notes will not affect the poor or the general public. This is because the general public rarely uses these big notes.

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The use of 2000 notes was decreasing. People are mostly using digital payment.

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Instead of 2000 notes, people are using more 500 rupees.

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In the coming time, by the year 2026, digital payment will increase up to 3 times. People will put a lot of limits on keeping physical currency.

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At present, the government has declared the 2000 note valid for use as legal tender. However, this is only till 30 September. After this these notes will be completely closed.

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