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Demonetisation move politically motivated: Mayawati

IANS  |  New Delhi 

(BSP) chief on Saturday slammed the over the poor implementation of demonetising Rs 500 and Rs 1,000 currency notes and said the step was "politically motivated for political gains".

"The decision taken by the central government was politically motivated and for political gains," told reporters here.

"Without planning, has created a kind of financial emergency situation in the country," the former Uttar Pradesh Chief Minister said.

She also said would not help the (BJP) in the upcoming Uttar Pradesh assembly elections. "...Instead of gaining anything, they are set to loose," the supremo said.

On November 8, the government announced scrapping of Rs 500 and Rs 1,000 currency notes to curb "black money and corruption".

Serpentine queues were witnessed outside banks and ATMs after the announcement of the demonetisation, as many anxious people waited for hours to deposit or exchange their spiked currency notes or obtain cash.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, November 26 2016. 17:16 IST