The SBP Board has not submitted any recommendation for
demonetization or discontinuation of Rs.
Further, in case of
demonetization of any bank note, SBP announces the same well in advance and provides ample time to public to change the currency under
demonetization process.
Dire necessity for
demonetization occurs whenever a check is required over the currency in circulation.
IIF explains that GDP growth was already weakening before
demonetization, but the note ban reform depressed consumption and investment further.
This will result in decline in GDP as IMF and World Bank also projected a decline in GDP due to
demonetization. Global analysts cut their forecasts of India's GDP growth rate due to
demonetization.
The debate could not have come at a more opportune moment as the
Demonetization exercise in India completes its first anniversary.
After slightly more than two years in office, Modi announced the most controversial economic shock of India:
demonetization of large currency bills of 1000 and 500 rupee bills.
This book examines
demonetization in India, the reasons for it, and the use of digital technology in encouraging cashless/electronic transactions.
Demonetization is the act of stripping a currency unit of its status as legal tender.
Summary: New Delhi [India], Mar 26 (ANI): The opposition parties will hold a press conference on Tuesday in which they are likely to attack the BJP government for its
demonetization policy, said a source on Monday.
In a statement issued by the Central bank, the SBP board has not submitted any recommendation for
demonetization or discontinuation of Rs.
11 -- The thick veil on the
demonetization of 1000 and 500 rupee notes was finally removed by the 2017 annual report of the Reserve Bank of India (RBI).