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Birthday boy Nivard’s money debuts on Friday
While the country will be heavily focused on the battle of the Budget
in Parliament, the first set of currency notes containing the signature
of Central Bank Governor Ajith Nivard Cabraal will be released on
Friday.
According to sources the release of the Rs. 1000 notes comes one
and a half years after Cabraal assumed office. Coincidentally December
14 also happens to be Cabraal’s birthday.
A top professional, and previously a private sector leader, Cabraal
has come under criticism, especially from the Opposition and economists,
for being responsible for what they allege as the worsening health
of the economy, high cost in borrowing and mismanaging the upward
pressure on inflation.
Cabraal, who has repeatedly dismissed these allegations, emphasises
on the facts that the country achieving a 6.7% growth this year
as well as favourable macro economic fundamentals despite severe
external and internal shocks.
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