Demonetization of currency notes: ten observations from the trenches
On November 8, 2016, at 8 PM, Prime Minister Narendra Modi addressed the nation saying that at 12 AM, next day, all ₹500 and ₹1000 notes would no longer be recognized as a legal tender. According to Mr. Modi, demonetization would weed out black money and put a huge dent into terrorist financing. If the… Read More »