- An article by Karan Modi
Demonetization, the invalidation of specific currency units as legal tender, is a highly debated economic policy used by governments worldwide. It aims to address challenges such as black money, corruption, digital transaction promotion, and counterfeit currency detection. While its proponents highlight its potential benefits, critics emphasise the associated drawbacks. Demonetization represents a bold disruption to established monetary systems, impacting economies, businesses, and individuals. It aims to curb black money and illicit financial activities by making it harder to hoard unaccounted cash and obstructing transactions reliant on untraceable cash. Additionally, it encourages the adoption of digital transac
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Thu, Nov 21, 2024
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