Hi there. India saw a mini demonetization, if one can use that phrase. Now, here are five points why the 2000 rupee note demonetization isn't very significant. There are five very important points to remember. So the immediate period that one can compare this to is the 2016 demonetization phase where a fair bit of money was demonetized. Now, the 2000 rupee notes currently are 11% of the currency in circulation. This is much lower than the 86% of the currency in circulation during 2016
Hello. I really agree with your phrase that it's a mini demonetization and I feel there are multiple reasons why this demonetization demonetization has happened. And thank you so much for analyzing this particular thing. Most of us don't understand the reason behind this demonetization, and we have our end stories to add for this particular thing. So I feel everyone must know these reasons and understand why it has happened, what might be the reason for it and all. So thank you for clearly explaining each thing in detail