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Finance Minister Arun Jaitely address media on Money exchange after government step to curb black money by demonetization currency notes of 500 and 1000.

Arun Jaitely warns Black Money holders,addresses Media on money exchange 

-Here are the highlights of his speech:

-Finance Minister Arun Jaitely Said, the currency replacement all around the country is closely monitored by the Finance Ministry.

-I want to thank people of the country as they have reached to banks for currency exchange,as there is lot much rush from usual crowd at banks, bank authorities and people have maintained order for better service.  

-It was expected that long queues of people outside banks and ATM machines after government decided to ban currency notes of 500 and 1000.

-FM Said, This is a massive operation and it has just started it will go long.

-Till 12:15 pm, SBI has deposited Rs. 37,868 crores.

-So in all Rs. 1.5-two lakh crore have been deposited across the banks.

-So far SBI has exchanged cash for 58 lakh people.

-If we talk about RBI they have adequate reserves.

-There are types of transactions like deposit,withdrawal,exchange,ATM withdrawal,deposits in machines.

-Raids are on the process after secret inputs no random raids done.

-The person who holds legitimate income should not be worry, Finance Minister Arun Jaitely Says.

-Government will not be accepting any illegal transaction and will keep an eye on it.

-I appeal to businesses to take up digital payments and electronic transactions.




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