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LATEST NEWS UPDATES | Here's What Raghuram Rajan Thinks Of Currency Demonetisation -Rimin Dutt

Here's What Raghuram Rajan Thinks Of Currency Demonetisation -Rimin Dutt

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published Published on Nov 10, 2016   modified Modified on Nov 10, 2016
-Huffington Post

It's not what most people are saying

The government's currency swap plan to withdraw Rs 500 and Rs 1,000 bank notes from circulation as a way to demonetise is being hailed by many banks and experts as the ultimate weapon against black money. However, demonetisation, as a strategy, isn't new and has been tried before with limited success.

Here's what former Reserve Bank of India governor Raghuram Rajan once said during a lecture on the topic of demonetisation and if it worked.

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Huffington Post, 9 November, 2016, http://www.huffingtonpost.in/2016/11/09/heres-what-raghuram-rajan-thinks-of-currency-demonetisation/?ncid=fcbklnkinhpmg00000001


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