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Demonetisation Decoded
A Critique Of India's Currency Experiment
- Editore:
Taylor & Francis Ltd
- EAN:
9781138049888
- ISBN:
1138049883
- Pagine:
- 104
- Formato:
- Hardback
- Lingua:
- Inglese
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Descrizione Demonetisation Decoded
On the night of 8 November 2016, at 8:15 pm, India's Prime Minister, Narendra Modi, announced in a televised broadcast to the nation that with effect from midnight, currency notes of denominations INR 500 and INR 1000 would no longer be legal tender. In one stroke this involved the de-recognition of over 86 per cent of the value of Indian currency in circulation with only four hours' notice.
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