Discussion Demonetisation of old Rs. 500 and Rs. 1000 currency notes

[Sai Jai]

Even after 10 years on 8th Nov 2026, some people say damage damage economy economy growth growth etc etc.

Why are you always trolling us?? Everything is settled but now u starting again ??

Everything has a right to speak in our country .. I don't know when u and ur leader will understand this

 

[Dish_tv]

Even after 10 years on 8th Nov 2026, some people say damage damage economy economy growth growth etc etc.

Even after 50 yrs truth remain truth..

 

[Jas]

Why are you always trolling us?? Everything is settled but now u starting again ??

Everything has a right to speak in our country .. I don't know when u and ur leader will understand this

Some people wanna turn India into Saudi Arabia.
2019 elections are very crucial,they will decide future of India.

 

[Digital Mastermind]

Demonetisation saved India from 2008 US-like crisis: Anil Bokil

 

[Jas]

The same Anil Bokil
When asked about the number of people who allegedly died during demonetisation, Bokil said, “this will happen in a country like India, we are too sensitive. This is the cost of change.''

 

[TheFearLess]

Even after 10 years on 8th Nov 2026, some people say damage damage economy economy growth growth etc etc.

Because demonetization was announced on Nov 8, 2016 and government itself failed it on Nov 10, 2016. It failed because there was no thoughts behind the move or better I should say it was a planned failure.

I am not an economist, (this phrase is mandatory else I might get trolled for it ) LOL but even I can calculate few things, which are surprising

Here we go

Nov 8 2016 - 15.44 Lakh Crore of indian currency was no longer a legal tender = to make it easy lets assume currency was 16 lakh crore

Estimated population of INDIA on same day 132 crore = Lets assume it was only 120 Crore.

Out of total population about 50% are in 20-59 age group. So that means 60 crore people.

Now on November 10, 2016 it was declared that people can deposit upto 2.5 lakh into their accounts without any fear of questioning or anything else. and this thing just failed the whole process there.

16 Lakh Crore INR / 60 Crore People < 27,000 Per person.

Even if 1 out of 9 people (20-59 age group )would have deposited 2,43,000 in their account, whole money would have come back and that is what has happened.

So was it not a process forced on us without any thought or have I missed something ?

 

[Jas]

BhaktoNomics vs Facts
Read the series of tweets.
Bursting lies of jumlaPradeshis

https://twitter.com/x/status/1034707616297934848

Source

 

[Viki]

Even after 10 years on 8th Nov 2026, some people say damage damage economy economy growth growth etc etc.

Truth never dies

 

[Viki]

If demonetization is a such a big success , why Govt didn't do celebration? Nobody from Govt dared except Arun Jaitley talk about it on Nov 08th

 

[Viki]

Demonetisation saved India from 2008 US-like crisis: Anil Bokil

Did you read the article before you share?

His point

1. since less taxes were being collected, the governments over the years had printed more cash, this had led to a huge pileup, cash was being used for every transaction…Since there was cash bubble with far worse consequences,” he said.

Please read the Cash is King , again article shared in this thread. Here I am putting some extract from that

Prior to demonetisation, the currency with the public stood at about Rs 17 lakh crore.
-
RBI puts the latest figure at over Rs 19.3 lakh crore as on June 1, 2018

So , Point 1 is no more valid

2.He claimed that demonetisation was necessary as the Indian rupee was being eroded by the presence of fake notes

As per RBI MoM , the fake notes were only Rs 420 crore worth. To flush Rs 420 crore worth fake notes (0.027%) , announcing Rs
15.44 lakh crore is invalid - even mad king will not do it.

*

BTW , Anil Bokil didn't give any statement after 2017 what you have shared in 1 year old.