Demonetization

[fa icon="calendar'] Mar 15, 2019 @ 07:48 AM / by Eugene Kobiako

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A chart of the currency fluctuations in India since the demonetization in 2016.

Demonetization in India: a shock to the system

In November of 2016, the government of India decided to demonetize all the 500- and 1000-rupee banknotes and issued new 500- and 2000-rupee banknotes. The announcement came suddenly and gave people only until the end of 2016 to exchange their money.



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