The Odisha BJP on Monday highlighted the significance of the demonetisation exercise introduced by Prime Minister Narendra Modi in 2016, claiming that the move played a crucial role in curbing terrorism and Naxalism while strengthening the country's economy.
The claims were made by BJP state spokesperson Satyabrata Panda at a press conference held in Bhubaneswar to mark the 10th anniversary of the demonetisation exercise, popularly known as 'notebandi'.
Panda said the impact of demonetisation should be duly recognised, arguing that the decision helped disrupt the financial networks supporting terrorism and left-wing extremism. He also credited the exercise with contributing to broader economic improvements.
The central government had announced the demonetisation of all existing Rs 500 and Rs 1,000 currency notes on November 8, 2016, under the leadership of Prime Minister Narendra Modi. The move aimed to tackle black money, counterfeit currency and corruption, while encouraging greater transparency in financial transactions.
Marking a decade since the historic announcement, the Odisha BJP reiterated that demonetisation was an important economic decision whose wider implications on national security and the economy deserved recognition.
