It has been more than 100 days since the Modi government declared that the two largest denomination notes in India—the 500 and 1000 rupee notes—would no longer be accepted as legal tender. The announcement of “demonetization” had an immediate and sweeping effect on Indian households, which were no longer allowed to use the notes (outside of a few narrow exceptions) and were given less than eight weeks to deposit or exchange them.
CGD Policy Blogs
- (-) Remove Michael Pisa filter Michael Pisa
- (-) Remove Asia filter Asia
- (-) Remove Digital Payments and Service Delivery filter Digital Payments and Service Delivery
February 23, 2017