What was demonetisation in India?

What was demonetisation in India?

Demonetisation in India was a policy where the government invalidated specific currency notes, requiring citizens to exchange old notes for new ones or deposit them in banks. It aimed to curb black money, counterfeit currency, and promote digital transactions.

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This fact belongs to the history category and contributes to expanding general knowledge. Understanding such facts not only makes you smarter but also helps connect ideas across different fields.

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