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Order on notes not an attempt at demonetisation: Rajan

Last Updated: Thursday, January 23, 2014, 18:42

Reserve Bank Governor Raghuram Rajan on Thursday said the order withdrawing all currency notes printed before 2005 was not an attempt at demonetisation or had anything to do with the general elections.

RBI to withdraw all pre-2005 currency notes

Last Updated: Wednesday, January 22, 2014, 19:22

The Reserve Bank on Wednesday decided to withdraw all currency notes issued prior to 2005, including Rs 500 and Rs 1,000 denominations, after March 31 in a move apparently aimed at curbing black money and fake currencies.