Demonetization in India: What's the impact 2 years later?

    Mar 15, 2019 @ 07:48 AM / by Eugene Kobiako


    During my November 2018 survey, the dollar-to-rupee exchange rate showed minimal fluctuation. When I exchanged money in my hotel in Mumbai, I received new, crisp green 500- and pink 2000-rupee banknotes, along with the older, lower denomination notes of 10-,20-, and 100-rupees. Throughout the five major cities that I surveyed, all the 500- and 2000-rupee banknotes that I transacted were part of the new series.

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