Demonetisation 2.0 is a welcome move
Letter to the Editor
Because it is cautious and has a long exchange deadline demonetisation version 2.0 is procedurally correct. It is not accompanied by any major policy objective or goal announcement.
For goalless individuals or initiatives, this is a good move. The procedure involved in exchange of 2000 rupee note is not elusive. Because most citizens ostensibly do not have the 2000 rupee note, which remains legal tender, they can easily dispose of it by spending it rather than depositing it in banks.
Within a certain limit, one can also easily change a portion of it at different banks. So, like many ordinary citizens, governments, and institutions, the 2,000 note will die with a lot of hope but little achievement, most likely because it worked with the wrong people and for the wrong cause.
Most people will gladly let it go a few romantics and collectors will keep some mementos, and in a few months, we will forget about its brief six year existence.
Dr. Vijaykumar H K, Raichur, Karnataka
