De­mon­e­ti­za­tion Doesn’t Mean Change of Cur­rency

The Day After - - OPEN HOUSE - Rahul Sharma, Sirsa

Read the Cover Story ‘De­mon­e­ti­za­tion Div­i­dends for NaMo’ and would like to add that po­lit­i­cally it may be a cor­rect step in the in­ter­est of his party BJP, but from na­tional per­spec­tive, I am not sure about any of the claims be­ing made by the gov­ern­ment or the op­po­si­tion par­ties. I am not quite sure if what they meant is de­mon­e­tize the old notes and in­tro­duce new notes in­stead. In the past de­mon­e­ti­za­tion has been thought off as a way of get­ting black money out of cir­cu­la­tion. Be­cause peo­ple then have to come and say “how do I have this ten crores in cash sit­ting in my safe” and they have to ex­plain where they got the money from. It is of­ten cited as a so­lu­tion. Un­for­tu­nately, my sense is the clever find ways around it.

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