India’s De/Re-Monetisation and Me

India’s De/Re-Monetisation and Me

    04 Mar 2017

By Shanta Acharya On 8th November 2016 the Government of India took the unprecedented step of banning the use of ₹500 and ₹1000 notes. The announcement was made in the evening and these specified bank notes (SBNs) were deemed ‘illegal’ after midnight. Holders of such notes would be able to convert them into legal tender