On Wednesday, brushing aside the rumours about Rs 2,000 notes to be invalid after Dec 31, Canara Bank Chairman TM Manoharan termed it as only rumours & said, "though its printing has stopped."
Canara Bank Chairman said that "This is a rumour & people should not believe in these kinds of rumours. There are also rumours that bank deposits are not safe, which is also false. The government has not taken any step to make Rs 2,000 notes invalid. However, the printing of Rs 2,000 has stopped, which only for administrative convenience".
After Subhash Chandra Garg, Ex-Finance Secretary made a statement that Rs 2,000 notes are not much used for transaction & are less in circulation, hence there is nothing wrong in replacing them with smaller currently notes, various rumours had made their way in the region creating panic among the public.
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