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Demonetisation of high-value currency notes a futile exercise : Mamata
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Demonetisation of high-value currency notes a futile exercise : Mamata

Agency News

Kolkata, Nov 08 : West Bengal Chief Minister Mamata Banerjee on Friday said the Centre's move to demonetise high- value currency notes on this day in 2016 was a futile exercise having a negative impact on the country's economy.

Ms Banerjer said she knew within minutes of announcement that it will ruin the economy and the lives of millions.

Taking to her Twitter handle, Ms Banerjee said, " Today is the third anniversary of #DeMonetisationDisaster. Within minutes of announcement, I had said that it will ruin the economy and the lives of millions. "

"Renowned economists, common people & all experts now agree. Figures from RBI have also shown it was a futile exercise," she added.

"Economic disaster started on that day and look where it has reached now. Banks stressed, economy in a complete slump, " the Chief Minister said.

"All affected. From farmers to the young generation to workers to traders, housewives... everyone is affected," she noted. (UNI)