Delhi CM Arvind Kejriwal, like other opposition leaders in India, has assailed the currency replacement plan for causing chaos in the country. Photograph: (AFP)
Delhi chief minister Arvind Kejriwal insisted that the new plan would do little to tackle the problem of black money in the country
Delhi chief minister Arvind Kejriwal, who has been a strong critic of Indian Prime Minister Narendra Modi, on Saturday lashed out at the federal government's decision to replace Rs 500 and Rs 1,000 banknotes.
Kejriwal also doubted the government's intention, saying they have "deliberately created a crisis situation" for the people in the country.
The 48-year-old chief minister demanded that the demonetisation plan is withdrawn as it was only causing "chaos everywhere".
Questioning the logic behind the plan, he said: "Black money won't come back... it will only change hands. Modi's surgical strike is not against black money, it is only against the common man."
The chief minister also accused the Bharatiya Janata Party, which is the ruling party in India, of having informed their "friends" about their plan to demonetise the high-value notes so that they could get rid of it clandestinely.
"Before the PM announced the move on Tuesday, the BJP and its friends had been alerted and they had already stashed their cash," he said.
The federal government scrapped the banknotes overnight to give no time to people who had hidden away their black money. The government had defended their move saying it was done to curb corruption and the black money economy.
Some political observers feel that there might be a poltical reason behind this. They believe that the federal government did this just before the elections in a few Indian states because they feared regional poltical parties of stockpiling campaign cash.
The last time an Indian government tried to demonetise its currency was in January 1978. That time, they had recalled Rs 1,000, Rs 5,000 and Rs 10,000 notes.