Demonetisation

A terror strike

Print edition : April 12, 2019

Shredded demonetised notes found near Puzhal in Chennai on November 26, 2018. Photo: R. RAGU

Narendra Modi’s demonetisation, unprecedented in global economic history, is likely to have fundamentally altered Indians’ expectation of stability of the national currency system and irreparably harmed the credibility of national institutions.
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