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56 sats \ 3 replies \ @Coinsreporter OP 8 Aug \ parent \ on: Does India still follow Gold Standard for its Currency Indian Rupee (INR)? econ
It was 'The great Indian Demonetization'
https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetisation
How do people feel about that, now that it's been a few years?
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People never felt bad about it and now they even feel bad about it. It was managed so well that within a month everything went normal.
Only corrupt people and politicians criticised and felt it was not a good move.
Surprisingly, it was the first ever Demonetization after India's independence in 1947. Much required. Wasn't it?
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Yeah, I didn't hear much about it after the initial irritation.
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