Demonetisation in India: Its Objectives and Effects on Indian Economy

SHOWKAT AHMAD WANI

Abstract


Demonetization of currency is a radical monetary step in which a currency unit’s status as a legal tender is declared invalid. This is usually done whenever there is a change of national currency, replacing the old unit with a new one. The present study is an attempt to know about the Demonization in India and its objectives and effects.  The purpose of the present study also elucidates the impact of such a move on black money.


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