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India’s demonetization a fascinating case study of cash-reform shock therapy
Demonetization Effects in India ~ Impacts | Benefits & Analysis
Official Cessation or ban on of use of a Currency Notes, Coins, etc. Demonetize or Demonetise Verb : to officially irrevocably stop or permanently ban using particular notes or coins, or a particular currency. He in an address to the Nation, announced complete ban on use of Invalid Rs. Shri Narendra Modi with his Address with Explanation witnessed the countrymen divided into two Categories. Such Politicians did not contain them to merely blather, skimble-skamble and threatened Prime Minister with the engineering the country-wide Rebellion to roll back his Decision on Ban on the Demonetized Currency.
2016 Indian banknote demonetisation
Demonetisation is going to be a landmark in the history of the Indian e conomy. It was an experience which might create fear in the minds of the people who indulge in illegal activities like tax evasion or money laundering of any kind. On November 8, , the Indian government declared that the and rupee notes will be stripped of their status as legal tender effective from midnight. Citizens were given time till December 31, to deposit their old currency notes and exchange them for the new currency notes of rupee and
Jump to navigation. Demonetisation was announced on November 8 in declaring 86 per cent of the currency in circulation invalid. These were currency denominations of Rs 1, and Rs