2) C. Rangarajan served as governor of the RBI in the post-liberalisation era from 1992-1997. He called the demonetisation move a “standard prescription” that was tried in the past, however, he added, that this time the government was targeting those who accumulated money, who issue fake currency and those financing terrorism. Mr. Rangarajan has also called for measures so that black money doesn’t get generated in future.