“Today, it has been 20 days of introducing demonetisation of high currency notes. It has completely failed to curb black money, funding to terrorism, fake notes and corruption.
Demonetisation has flopped,” he said while addressing a press conference.
The Delhi Chief Minister alleged that counterfeit notes are being churned out even faster than what RBI is doing which gives rise to suspicion as to whether it is a way to convert black money into white.
“Since demonetisation was announced, Rs 8 lakh crore has been deposited by the people in their bank accounts and according to our information, out of them, no black money has been deposited so far…The PM’s arrogance and obstinacy has pushed the country 10 years back.
“In comparison to October, corruption level and generation of black money have increased by 10 times. US Dollar is legally available for Rs 70, but in black market, it is being bought at Rs 116 per USD.
