This is what RBI Governor Shaktikanta Das has to say about fake ₹2,000 notes
Shaktikanta Das said that the ₹2,000 currency notes were introduced for remonetisation or quickly replenishing the value of money that was being taken out of the system and that purpose has now been fulfilled.
PremiumThe security features of new Indian currency notes have not been compromised, says Reserve Bank of India Governor Shaktikanta Das.
Speaking to reporters on the sidelines of an event, Das assured that the security features of high value notes has not been breached so far.
“The security features of the new high value Mahatma Gandhi series banknotes have not been breached and never compromised. So, the integrity of our currency continues," Das said.
Also Read: PIL in Delhi HC against RBI, SBI over permitting ₹2,000 note exchange without ID proof
Das said that the ₹2,000 currency notes were introduced for remonetisation or quickly replenishing the value of money that was being taken out of the system and that purpose has now been fulfilled.
The decision to withdraw these currency notes was taken as there were enough notes of other denominations now. We have more than adequate quantity of notes printed available in the system, he added.
Governor Das also emphasized that the Indian currency management was very robust.
Also Read: Withdrawal of ₹2,000 bank notes part of currency management: RBI Governor
“Our currency exchange rates are least volatile among peers. Our exchange rates have remained stable despite the crisis in the global financial market and failure of several banks in advanced economies," Das said.
The RBI had on May 19 announced to withdraw the ₹2,000 denomination banknotes from circulation, but saying that these notes will continue to remain as legal tender. The central bank gave time till September 30, 2023, to the general public to deposit or exchange these notes from banks.
The Governor urged the public to not rush to banks to exchange the ₹2,000 notes.
Pointing out the September 30 deadline, Das said that central bank will wait and watch how much of these notes come back to the banks, and then take a decision on the extension of the deadline.
This exercise should be seen as a part of currency management operations of the RBI, he said.
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