Demonetisation a scheme to convert black money into white? asks Chidambaram

'RBI 'gained' Rs 16000 crore, but 'lost' Rs 21000 crore in printing new notes'

Senior Congress leader and former finance minister P Chidambaram on Wednesday took a dig at the RBI and Modi government, asking whether demonetisation was a scheme designed to convert black money into white.

His comments come after RBI said on Wednesday that of the Rs 15.44 lakh crore of notes taken out of circulation, Rs 15.28 lakh crore had returned to the system by way of deposits by the public.

"99% notes legally exchanged! Was demonetisation a scheme designed to convert black money into white?," he tweeted.

99% notes legally exchanged! Was demonetisation a scheme designed to convert