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 -Hello friends Welcome To StudyDhaba.com .Here We are 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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