Thursday, November 10th, 2016

Demonetisation effects: Sacks of burnt 500,1000 notes found in UP

Narada Desk | November 10, 2016 11:57 am Print
Reports suggest that workers of a company in Parsa Kheda road at CB Ganj in Bareilly burned currency notes of Rs 500 and Rs 1000 denomination

On Wednesday, when the whole country stood shocked by the decision of Prime Minister to demonetise Rs.500 and Rs.1000 notes in order to curb black money and corruption, sacks of burnt currency notes were found in Uttar Pradesh’s Bareilly.

Reports suggest that workers of a company in Parsa Kheda road at CB Ganj in Bareilly burned the currencies of Rs 500 and Rs 1000.

Police said that the notes were cut, damaged and then burnt. The Reserve Bank of India (RBI) was informed of the event.

“We are examining the burnt notes to check for their authenticity,” said Senior Superintendent of Bareilly, Joginder Singh.

The decision of PM Modi to scrap Rs.500 and Rs.1000 notes as said to curb black money received criticism for its sudden implementation. Common life came to a standstill following the declaration with people queuing up to banks to exchange the currencies.

 

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