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LATEST NEWS UPDATES | Demonetisation left RBI’s reputation in tatters. What could future policy makers learn from this? -TR Bhat

Demonetisation left RBI’s reputation in tatters. What could future policy makers learn from this? -TR Bhat

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published Published on Nov 8, 2021   modified Modified on Nov 9, 2021

 -Scroll.in

There must be consultation and greater co-ordination between the Reserve Bank as the regulator of money supply and the government as the sovereign.

While the entire Indian economy was disrupted by the demonetisation exercise announced on November 8, 2016, removing high-value currency notes overnight, it simultaneously stirred a serious controversy on the role of Reserve Bank of India as the principal regulator of money supply in India.

In understanding the controversial conduct of the Reserve Bank of India, a deeper study of the evolution of the central bank as the regulator of money supply is necessary.

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Scroll.in, 8 November, 2021, https://scroll.in/article/1009876/demonetisation-left-rbis-reputation-in-tatters-what-could-future-policy-makers-learn-from-this?fbclid=IwAR1GgQgRQmdngCTSvO6eR1WX8abDt4P7TJXINqxnbhIULqsIs2MjJ616Kuw


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