The Government has said that demonetisation of high value currency notes achieved its objective quite substantially and there is no cash crunch in any part of the country.
Briefing reporters in New Delhi, Economic Affairs Secretary S C Garg said, objectives of the demonetisation like checking black money, terror financing, promoting digital transaction and weeding out fake currency notes have been achieved.
Mr Garg said, no high-quality fake notes have been seen in the system in the last 20 months.
Prime Minister Narendra Modi had announced the demonetisation of high-value currency notes On 8th November 2016.
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