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On the night of 8 November 2016, at 8:15 pm, India’s Prime Minister, Narendra Modi, announced in a televised broadcast to the nation that with effect from midnight, currency notes of denominations Rs 500 and Rs 1,000 would no longer be legal tender. In one stroke, this involved the de-recognition of over 86 per cent of the value of Indian currency in circulation with only

Title : Demonetisation Decoded: A Critique of India's Currency Experiment
Author : Jayati Ghosh
Language : en
Rating :
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Type : PDF, ePub, Kindle
Uploaded : Apr 11, 2021

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