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The Demonetization Debate: A Closer Look At India's Currency Return
Submitted as: swiftnlift
The goal of India's demonetization was to reduce corruption and encourage digital payments, but its efficacy is called into question by the return of 97.69% of the currency.
Demonetizing high-value currency notes was a risky economic experiment that India started in 2016. The nation's economy was rocked by the action, which was taken to combat corruption, black money, and counterfeit money. As of right now, an astounding 97.69% of the demonetized Rs 2000 currency notes have found their way back into the financial system, according to information released by the Reserve Bank of India (RBI). This information prompts a thorough reassessment of the demonetization strategy's effectiveness.(read
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Category : Investing / Finance
