📷 Image: Wikimedia Commons / Prime Minister's Office
Politics
AP CM Chandrababu Naidu Calls for Withdrawal of ₹500 Notes
✍️ The Economic Times
🗓 10 Nov 2026, 05:17 PM
👁 14
Andhra Pradesh Chief Minister Chandrababu Naidu has urged the government to discontinue ₹500 currency notes, advocating for a circulation of only ₹100 and ₹200 denominations.
Andhra Pradesh Chief Minister Chandrababu Naidu has publicly called for the removal of ₹500 notes from circulation. In a statement released earlier today, he urged the central government to phase out the high‑denomination notes and restrict the currency in use to ₹100 and ₹200 bills only.
Naidu said that eliminating ₹500 notes would help curb illicit financial activities and simplify transactions for the general public. He did not specify a timeline for the proposed change, but emphasized that the move would align with efforts to promote a more transparent economy.
The call comes amid ongoing discussions across the country about the role of high‑value currency in facilitating tax evasion and black money. While the central government has yet to respond, the Andhra Pradesh leader’s stance adds a new voice to the debate on currency reform.
Naidu said that eliminating ₹500 notes would help curb illicit financial activities and simplify transactions for the general public. He did not specify a timeline for the proposed change, but emphasized that the move would align with efforts to promote a more transparent economy.
The call comes amid ongoing discussions across the country about the role of high‑value currency in facilitating tax evasion and black money. While the central government has yet to respond, the Andhra Pradesh leader’s stance adds a new voice to the debate on currency reform.