Reserve Bank of India

Timeline: Ghosts of Demonetisation still hover RBI Annual report highlights 99.3 percent notes back to Banking System

08-Nov-2018

It’s been two years since Prime Minister Narendra Modi addressed the nation and announced that Rs 1000/- and Rs 500/- currency notes had been demonetised and were no longer valid currency. While new notes of different denominations were subsequently introduced, one cannot deny the chaos that ensued as people scrambled to exchange currency and long…