President Pranab Mukherjee President Pranab MukherjeePresident Pranab Mukherjee tonight welcomed as a bold step Prime Minister Narendra Modi’s announcement of demonetisation of Rs 1,000 and Rs 500 notes with effect from midnight. President Mukherjee welcomed the bold step taken by the government which will help unearth unaccounted money as well as counterfeit currency, a Rashtrapati Bhavan statement said. Mukherjee called upon people not to panic and to follow the government’s guidelines for exchanging currency notes of Rs 1000 and Rs 500 denomination available with them. He reminded that all currency notes below Rs 500 will continue as legal tender. The President called upon all people to avail upon the opportunity provided by the government to exchange currency notes of Rs 1000 and 500 denomination for new legal tender.

Source: Indian Express November 08, 2016 17:30 UTC