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“Demonetisation was futile exercise, knew it would ruin lives”,says Mamata Banerjee

West Bengal Chief Minister Mamata Banerjee on November 8 said the Centre’s move to demonetise high- value currency notes on this day in 2016 was a futile exercise which had a negative impact on the country’s economy.

Banerjee, on the third anniversary of note ban, asserted that she knew from the very beginning that the decision would ruin millions of lives.

“Today is the third anniversary of #DeMonetisationDisaster. Within minutes of announcement, I had said that it will ruin the economy and the lives of millions. Renowned economists, common people & all experts now agree. Figures from RBI have also shown it was a futile exercise,” the chief minister tweeted.

“Economic disaster started on that day and look where it has reached now. Banks stressed, economy in a complete slump. All affected. From farmers to the young generation to workers to traders, housewives… everyone is affected,” she added.

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