People have asked why the new currency introduced was different in size and thickness from the old. This is because the new currency has been designed to make it hard to counterfeit. When you are going to make a change of this magnitude, you need to get the best standards in place.
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Other Quotes by "Urjit Patel"

We should redefine the metric for effective lending, viz., prioritise loans to enterprises, which will generate more employment.
Tags: employment, which, more, will
There are tens of thousands of bank branches and 4,000 currency chests. We need to be careful and try that this is a number which is not a mere estimate but a verified number both physically and in the accounting sense.
Tags: be-careful, need, accounting, try
This is a once in a lifetime event. It is very rare to remove 86% of the currency in circulation in one go. The logistics of such an operation are mammoth.
Tags: currency, logistics, rare, go
The lack of a consistent policy from major economies is the main source of volatility.
Tags: consistent, lack, source, policy
One of the things that the public sector banks need to do is to raise private capital from the market and not rely on government largesse.
Tags: market, need, things, government
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