P Chidambaram – Former Union Finance Minister:
As expected, the government/RBI have withdrawn the Rs 2000 note and given time until September 30 to exchange the notes
The Rs 2000 note is hardly a popular medium of exchange. We said this in November 2016 and we have been proved correct
The Rs 2000 note was a band-aid to cover up the foolish decision of demonetising Rs 500 and Rs 1000 notes which were popular and widely exchanged currencies
A few weeks after Demonetisation, the government/RBI were forced to re-introduce the Rs 500 note
I shall not be surprised if the government/RBI re-introduced the Rs 1000 note as well
Demonetisation has come full circle!