While there is a general consensus that the demonetisation programme announced on 8 November 2016 is well-intentioned and could have long-term benefits for the economy if followed up effectively, there is a raging debate on the short term or ‘transitional costs’, and its political implications.
While one of the stated objectives of the official policy is to increase digitisation in financial transactions in the country, the question about whether there has been adequate preparation has been asked.
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