Centre to SC:Demonetisation issues likely to resolve in 10-15 days
The Centre said that the government is not sitting around doing nothing post the demonetisation.
It also said that restrictions imposed on withdrawal of money from banks is not unreasonable, media reported
The Union government also said that it has received no reports of social unrest regarding the demonetisation scheme.
The government in its reply said that it was not possible to stock new currency prior to the note ban announcement as it would have defeated the very purpose, that of secrecy in the matter, media reported.
On Nov 8, Prime Minister Modi had announced that the old currency notes of rupees 500 and 1000 denominations were being banned and restrictions were being imposed on withdrawal of money from one's own account.
The old currency notes, when the ban was announced, was nearly 86 per cent of the notes in circulation then, it was reported.
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