Shaktikanta Das, the governor of the Reserve Bank, emphasised on Wednesday that the Central Bank has been routinely monitoring the situation and that the entire process of withdrawing the Rs 2000 notes will not cause any disruptions.
As part of its currency management, the Reserve Bank of India (RBI) stated on Friday that banknotes with the denomination of Rs 2000 would be removed.
It has insisted that because the 2000-rupee notes are still accepted as legal cash and can be used to make payments, this wasn’t demonetization. In response to inquiries at a CII-sponsored event, Governor Das stated that the complete withdrawal process for the high-denomination currency will not cause any disruptions.”
The entire procedure won’t cause any disruptions. That is something we have considered, the Governor stated.
Das added that RBI has been keeping a close eye on the situation and that nothing significant has come up to this point.