Demonetization of rupees-2000 notes can undo wrong implementation of earlier demonetisation of 08.11.2016
Media-reports confirm about printing of rupees-2000 currency-notes by Reserve Bank of India RBI after about two years of launch to meet emergency situation subsequent to demonetization on 08.11.2016 of earlier notes of rupees 500 and rupees 1000.
Ruppes-2000 notes worth rupees 6.73 lakh crores were there in circulation on 31.03.2018 which accounted for 37-percent of total currency worth rupees 18.03 lakh crores on that day. Since rupees-2000 notes not commonly seen are mainly hoarded as unaccounted currency and for illegal currency-circulation, even a currency-crunch developed in the country some time back.
Even though demonetization on 08.11.2016 was a bold step for checking unaccounted deals, yet poor and unplanned implementation could not give the desired results with currency-cir...