Magnitude of Demonetization (?)

Prime Minister Modi announced on 8th November 2016 the decision to withdraw highest value currency notes vix. Rs. 1000 and Rs. 500 and replace them with new Rs. 2000 and Rs. 500 notes. RBI also mentioned that new Rs. 1000 notes would be issued soon. In that sense this decision cannot be termed as "demonetization" in... Continue Reading →

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