Notwithstanding Modi's emotional appeal to people to co-operate with him to weed out black money, Sena in an editorial in mouthpiece "Saamna" today described the demonetisation as "demonic and unsystematic" that has led to "financial anarchy" in the country.
Yuva Sena chief Aaditya Thackeray also said while the government's intention behind demonetising the currency may be right, but it has hit the "wrong target".
The Mumbai Congress chief charged that the demonetisation move was a "poorly-managed" move.
"When the government says 86 per cent of the currency is in Rs 500 and Rs 1,000 notes, how can that much amount of money be scrapped in four hours time without making available adequate lower denomination currency," he asked.
Nirupam claimed that the banking system has collapsed and ATMs were not functioning. The Centre never anticipated what effect, the decision will have on the common man, he said.
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