Chandrababu Naidu renews demand to scrap higher-denomination currency notes (Img: IANS)
Amaravati: Andhra Pradesh Chief Minister N Chandrababu Naidu has once again made a strong pitch for scrapping higher-denomination currency, such as Rs 500 notes, leaving only Rs 100 and Rs 200 notes in circulation.
His latest remarks come as the country marks 10 years since the Narendra Modi government at the Centre introduced demonetisation.
At a media interaction organised in Amaravati on Monday evening to respond to the local-body election results, Naidu told reporters that digital currency was the best way to eradicate corruption and should be promoted. He said he would keep pressing Modi on the issue.
Making a strong case for digital currency and technology-driven governance, Naidu said he had contributed inputs to a report on the subject and had repeatedly raised the matter with the Prime Minister. He also said wealth creation would follow if technology were used well, and that eradicating poverty was not difficult.
Andhra CM Naidu advocated scrapping Rs 500, Rs 1000 and Rs 2000 currency notes.
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"I gave inputs for the digital currency report. I had urged the Prime Minister to consider this earlier. I am demanding it again now. I will keep raising this issue. Rs 500, Rs 1000 and Rs 2000 currency notes should be scrapped. Only Rs 100 and Rs 200 notes should remain", he said.
