Congress to observe “betrayal day” on fourth-anniversary note-ban today

New Delhi: The Congress on Saturday announced to observe the fourth anniversary of demonetization on Sunday as ‘Vishwasghaat Diwas’ (Betrayal Day).

Informing this, AICC General Secretary KC Venugopal said that Congress units would hold press conferences in all state headquarters "to highlight the suffering of people" due to the note-ban decision.

Venugopal said on Twitter, "PCCs will hold PCs at State HQs to highlight the agonies and the sufferings of millions of Indians facing even today."

"On the 4th anniversary of Modi Govt's disastrous decision of demonetization, Congress will observe tomorrow, 8th Nov as 'Viswasghaat Diwas'.

The Congress party would also launch a "SpeakUp" campaign on social media.

"Continuing with our ''SpeakUp'' campaign, tomorrow Congress will also run a massive online campaign, i.e. #SpeakUpAgainstDeMoDisaster to reach the masses highlighting the suffering caused by the demonetization," Venugopal further said.

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Prime Minister Narendra Modi on November 8, 2016  announced the decision to ban all currency notes of higher denomination of Rs 500 and Rs 1,000 from midnight.

The government of India further announced the issuance of new ₹500 and ₹2,000 banknotes in exchange for the demonetised banknotes. Prime Minister Narendra Modi claimed that the action would reduce the use of illicit and counterfeit cash to fund illegal activity and terrorism.

The announcement of note-ban was followed by prolonged cash shortages in the weeks that followed, which created significant disruption throughout the economy.

People seeking to exchange their banknotes had to stand in long queues, and several deaths were linked to the rush to exchange cash.

Initially, the move received support from various bankers as well as from some international commentators. The move was further criticized as poorly planned and unfair and was met with protests, litigation, and strikes against the government in several places across India.

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