"I do not understand if RBI has any technical reasons (for coming out with the new value note). If so, it should tell us," he said at a press conference here.
He wondered if the Rs 2,000 currency notes were necessary and, if not, why were they being printed.
"I think it will not come. Some people are deliberately trying to mislead people," the Chief Minister observed.
"If Rs 2,000 note had to be printed, it should be limited (in number) and should have surveillance. A Rs 200 is sufficient when you have banks and cheques. The Rs 2,000 note may be needed only if there are no banks," he maintained.
The government should take steps to ensure Rs 2,000 note is not in circulation during election time and that it is not hoarded, Naidu added.
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