Andhra Pradesh CM Chandrababu Naidu urges scrapping Rs 500, Rs 2000 notes to curb corruption

Chief Minister Chandrababu Naidu announced that the government should consider withdrawing the Rs 500 and Rs 2000 denominations as a measure against corruption.
He argued that high‑value notes are often used in illicit transactions and that their removal could reduce the ease of moving unaccounted money.
Naidu did not specify a timeline or the procedural steps required, indicating that the proposal would need further discussion with the finance ministry and the Reserve Bank of India.
The suggestion comes amid ongoing debates nationwide about the role of large‑denomination currency in black‑money circulation.