........The reason for this being that notes printed and issued from 2005 onwards have better security features and cannot be easily counterfeited. However, that is not the case with pre-2005 notes which makes them susceptible to counterfeiting. The move is well-thought out drive to flush out the fake notes from the economy. The RBI governor Raghuram Rajan has already emphasized that this move is aimed not at demonetization but a technical action to reduce counterfeiting of banknotes and provide more reliable currency to the public. Having said that, RBI does recognize that withdrawal of pre-2005 notes on a nationwide scale is a time consuming affair...........
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