Demonetization
The word Demonetization means that the currency in circulation is withdrawn and the Government declares that the notes in circulation is not a legal tender anymore.
The Government of India on நவம்பர் 8th 2016 declared that the currency notes Rs. 500 and rs. 1000 is not a legal tender. The reason sighted was black money and corruption.
The Government then substituted the currencies with rs. 500 and rs. 2000 which is not appropriate that is against the reason for demonization. The larger value currencies always create circulation of money that is unaccounted, is earned through wrong means going against the fundamental principles and foundation of Economics and Economical principle. They always result in corruption and black money.
What is surprising is that the ATM have stopped issuing Rs. 2000 or dispensing as on date 13-July-2020, however at times we get to see Rs. 2000 in circulation, is this valid tender even to date or invalidate? If so where are we getting this Rs. 2000 notes from, are they old notes still in circulation or it is still being printed and circulated.?
https://www.livemint.com/news/india/despite-hype-demonetization-missed-all-goals-1557059532885.html
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