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ECONOMY

Govt has no plans for demonetisation: FinMin Wagle

Responding to participants who asked why the government would not introduce demonetisation, Wagle said, “I heard some interesting questions about demonetisation. But we do not think it is appropriate at this point. We have not considered demonetisation.”
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By REPUBLICA

KATHMANDU, Aug 21: Finance Minister Dr Swarnim Wagle has said the government has no plans to introduce demonetisation at present.



Speaking at a ‘Citizen, Policy and Leadership’ dialogue organised by the Rastriya Swatantra Party (RSP) at its party office in Baneshwor, Wagle said the government does not consider demonetisation appropriate at this time.


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Responding to participants who asked why the government would not introduce demonetisation, Wagle said, “I heard some interesting questions about demonetisation. But we do not think it is appropriate at this point. We have not considered demonetisation.”


He also said the policy had not proved particularly successful in countries that had implemented it.


 

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