She claimed that in the name of demonetisation, the country's economy has been totally derailed.
"It is bad for the country. They (central government) have to give explanation. But they are only delivering speeches," she told reporters at the state secretariat.
Banerjee turned to Twitter posting a black display picture, on the first anniversary of the note ban. The Trinamool Congress observed a "black day" throughout West Bengal.
The TMC chief said the Modi government would not be in power forever and the truth would come out.
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Stating that she is not an economics expert, Banerjee said former prime minister Manmohan Singh, former finance minister Yashwant Sinha and Arun Shourie had criticised the Centre's demonetisation move.
She said a probe should be conducted also to find out whether demonetisation was executed through a proper planning or it was a move to make black money white.
In a Facebook post yesterday, Banerjee alleged, " Demonetisation was not to combat black money. It was only to convert black money into white money for vested interests of political party in power."
Hitting out at the Centre for rolling out GST after demonetisation, the TMC supremo said, "It was double selfish taxation for the people.