India’s central bank just proved demonetisation was for nothing

The suspense is over now. In the months following the November 2016 demonetisation, Indians deposited over 99% of banned currency notes in various banks, according to the Reserve Bank of India’s (RBI) annual report released today (Aug. 29). On Nov. 08, 2016, when prime minister Narendra Modi declared the Rs500 and Rs1,000 invalid from the […]

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