Demonetization Pdf – Pros and
Cons of Demonetization Rs
500,1000
Demonetization Pdf – Pros and
Cons of Demonetization Rs
500,1000-
Demonetization
Essay
Demonetization Pdf – Pros and Cons of Demonetization Rs
500,1000
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Sharing Some important Points About -Demonetization Pdf – Pros
and Cons of Demonetization Rs 500,1000 .
essay on demonetise in
india
Demonetization is a very bold Decision taken by Indian
government for Curbing all Black Money in India . Major Aim of
Demonetization is Making India A Cash less Society .
All Details and information is given below .Demonetization Pdf
– Pros and Cons of Demonetization Rs 500,1000 . Demonetization
is a step to make india a cashless society .

What is Demonetization ?
Pros and Cons of Demonetization ?
Demonetization Effects on Indian Economy ?
Why Indian Government Banned Rs 500 and Rs 1000 Notes ?
What Are The Causes of Demonetization ?
Before We Discuss All these points Here We are providing you
Definition of Demonetization .
Demonetization Pdf – Pros and
Cons of Demonetization Rs 500,1000
What Is Demonetization ?
Demonetisation is a process by which a series of
currency will not be legal tender. The series of
currency will not acceptable as valid currency. The same
thing happens with the
Rs. 500 and Rs. 1000 note
demonetization
.
What
are
the
causes

Demonetization?
There can be many causes of Demonetisation in any
economy some of them are : Introduction of New Currency
,Black Marketing, Currency Storage, Corruption and
others.
There will be excess fake currency in the economy is
main reason of demonetisation.
What Happened on Demonetization?
On
8th November 2016, Government of India
had announced
that from today onward rupees 500 and 1000 rupee note
will not be a legal tender.
This means that 500 and 1000 rupee note will be accepted
by anyone except the organisation declared by
government.
They can change the currency from the banks and post
offices till 30th December 2016.
Demonetization
History
Background In India ?
This is not The First time When Indian Currency is
Demonetised In India .
The first instance was in 1946 and the second in 1978
when an ordinance was promulgated to phase out notes
with denomination of Rs 1,000, Rs 5,000 and Rs 10,000.
The highest denomination note ever printed by the
Reserve Bank of India was the Rs 10,000 note in 1938 and
again in 1954. But these notes were demonetized in
January 1946 and again in January 1978, according to RBI
data.

Rs 1,000 and Rs 10,000 bank notes were in circulation
prior to January 1946. Higher denomination banknotes of
Rs 1,000, Rs 5,000 and Rs 10,000 were reintroduced in
1954 and all of them were demonetized in January 1978.
The Rs 1,000 note made a comeback in November 2000. Rs
500 note came into circulation in October 1987. The move
was then justified as attempt to contain the volume of
banknotes in circulation due to inflation.

Indian Currency
Demonetization
Details
Important Facts About Indian
Currency and Demonetization
• However, this is the first time that
Rs 2,000 currency note is being
introduced.


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