“Everyone will adjust. And while it can hurt some small businesses and individuals, it is better to do it than not.”–Mauro Guilin
By Maryam Khan
The ‘demon’ in demonetization is in the beginning. The demonetisation of ₹500 ($7.40) and ₹1000 banknotes was a step taken by the Government of India on 8 November 2016, ceasing the usage of all ₹500 and ₹1000 banknotes issued by the Reserve bank of India till November 8, 2016.