Demonetization

Jan
30
2017

Impact of Demonetization on Foreign Education Aspirants in India

8th November 2016 marked a historical date in India as Prime Minister, Shri Narendra Modi announced the demonetization of 500 and 1000 Rupee Banknotes. The two notes account for roughly 86% of all Rupees currently in circulation, and their withdrawal has created a profound cash crunch in the Indian economy. The move’s aim was to wash away the stock of “black money”.

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