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

-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.

Please click here to read more.