Summary:
He said that contrary to claims that it was a war on black money, demonetization was a move by the Modi government to help those with black money. Sibal also played a video sourced from tnn.world which showed a person allegedly associated with BJP converting old currency notes worth Rs 5 crore for new currency notes worth Rs 3 crore. Sibal said that the cash in circulation had, in fact, gone up from Rs 17.97 trillion on November 4, 2016 to Rs 21.41 trillion on March 15, 2019. Senior Congress leader Kapil Sibal on Friday said that contrary to claims that demonetization had helped make a cashless economy, the cash in circulation has increased since the 'ill-founded' move was implemented. "I can see the graph of Modi is going down whereas the opposition's graph is going up including Congress and others..