Nine Years Later: How Demonetization Transformed India’s Financial System and Strengthened the Rupee
In November 2016, India took one of the boldest financial decisions in modern economic history — demonetization. The government declared ₹500 and ₹1,000 notes invalid, effectively removing 86% of the cash in circulation overnight. It was a move that shocked markets, divided economists, and forced businesses and individuals to rethink how money worked in India. […]







