Though the Finance Minister Arun Jaitely said that the currency shortage and subsequent currency chaos will last at least for three weeks, people across the country are before the ATM counters from the early morning. Majority of the ATM continue to be cashless, and the serpentine queues before the banks are lengthening with the employees finding it difficult to pacify people who desperately trying to get liquid money to meet their day to day needs.
"It will be a slow process. Such a big cash replacement cannot happen in a mechanical way overnight," Jaitley said. He added the time is needed to maintain secrecy and security while recalibrating two lakh ATMs in the country. He also slammed opposition parties in the country for allegedly making irresponsible comments on the Centre's move.
Responding to the entire scenario after demonetisation move, Kerala Chief Minister Pinarayi Vijayan said on Sunday that the ill advised move by the government are put the people into all sorts of trouble.
As per the reports, the Centre has informed those who possess black money about the announcement in advance. Now questions on the confidentiality of the decision are being raised. Some of the media had also reported about the decision before it was announced by Prime MinisterPinarayi Vijayan
Earlier, Delhi Chief Minister Arvind Kejriwal termed the whole episode a 'huge scam' while Bengal Chief Minister Mamata Banerjee slammed the move and said that she was ready to join hands with her rival party CPIM to 'save the country'.
Congress Vice President Rahul Gandhi on Saturday appealed all his partymen to come out and help all those in need, especially elderly people in exchanging their old currencies.
“We appeal to all Congress workers to help all those who are standing in long lines outside banks in whatever capacity possible,” he said, He also put out a video message asking to help each other extend support.
Today is tough time for the people of the country, as the entire country is standing in queues outside banks. It is tough time and they need our supportRahul Gandhi
“Wherever people are standing in line, you should help them provide water and help them get their currency exchanged. The country and people, especially the poor, need out support and do help them out by standing with them and holding their hand,” Gandhi said in his message.
Meanwhile, some sporadic incidents were reported in some parts of Delhi Traders in Delhi vegetable market said on Saturday that they are pondering on shuttung down the market as people and traders are running short of money. Trade union in Kerala has also announced that the shops in the state will be closed from come Tuesday as the both the shopkeepers and people are running short of money.
In Karnataka, a farmer was reportedly cheated by an unknown man with a photocopy of the newly-issued 2000 note on Saturday. Ashok, a farmer in Chikkamagaluru, was cheated as a stranger gave him a photocopy of the new note for a sack of onion he brought to sell, claiming it was original.
It was a photocopy of the original note... anybody can notice it easily. The person was given the copy by a man in APMC marketSuperintendent of Police K. Annamalai
The Centre and RBI, while issuing new note, have claimed that the new note is 'high security' and very hard to fake due to its multiple features.
The Reserve Bank in a statement has claimed that the new 2,000 rupee note have several unique features including a see-through register with the denominational numeral 2,000 which can be seen when the note is held up against light.
“There will also be a latent image with the denominational numeral 2,000, which can be seen when the bank note is held at a 45 degree angle at the eye level.The note will also have a colour-shifting windowed security thread with the inscription ‘भारत’, RBI and 2,000. The colour of the thread will change from green to blue when the note is tilted.