To overcome Economic crisis Cancel Rs.5000 currency note:Prof. Sarath Wijesuriya

Published : 9:09 am  October 17, 2018 | No comments so far |  | 

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By Muditha Dayananda   

The Convener of the National Movement for Social Justice Prof. Sarath Wijesuriya said that he is proposing to the government as a remedy for the present Economic Crisis in the country to cancel the Rs.5, 000 note that is now in circulation. 
  
He made this statement addressing a Media Briefing held at the head office of the National Movement for Social Justice in Rajagiriya. He said further that instead of curbing imports as a solution to this Economic crisis, it is better to stop functions held in boosting the image of politicians where huge sums of money is spent.   


He said that late Dr. N. M. Perera as the then Minister of Finance introduced the demonetization of the Rs.100 and Rs.50 notes in the face of a severe Economic Crisis, which helped the black money kept hidden in gunny sacks and trunk boxes to surface and by cancelling the Rs.5,000 now would usher in more benefits than at that time.   


There is information that earnings from various forms of informal activities are been stacked and kept in gunny bags in several places. Even in some temples and with politicians there is evidence that Rs.5,000 notes are safely stacked in bundles and there is proof that these hidden notes could fill in a container, he said further.     

 

He made this statement addressing a Media Briefing held at the head office of the National Movement for Social Justice in Rajagiriya. He said further that instead of curbing imports as a solution to this Economic crisis, it is better to stop functions held in boosting the image of politicians where huge sums of money is spent.   


He said that late Dr. N. M. Perera as the then Minister of Finance introduced the demonetization of the Rs.100 and Rs.50 notes in the face of a severe Economic Crisis, which helped the black money kept hidden in gunny sacks and trunk boxes to surface and by cancelling the Rs.5,000 now would usher in more benefits than at that time.   


There is information that earnings from various forms of informal activities are been stacked and kept in gunny bags in several places. Even in some temples and with politicians there is evidence that Rs.5,000 notes are safely stacked in bundles and there is proof that these hidden notes could fill in a container, he said further.     

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