DEMONETIZATION: REVIEW AFTER A DECADE OF ITS IMPLEMENTATION

  • Unique Paper ID: 208692
  • Volume: 13
  • Issue: 4
  • PageNo: 2450-2452
  • Abstract:
  • Demonetization of currency is a radical monetary step in which a currency unit’s status as legal tender is declared invalid. The currency in use presently will be withdraw from the circulation. But the withdrawal of currency has both positive and adverse impact on the economy. On November 8, 2016, prime Minister Mr. Narendra Modi in his address to the nation on announced the demonetization of 500 and 1,000 as legal tender. The demonetization announcement made the use of Rs. 500 and Rs. 1,000 banknotes invalid past midnight of November 8. The present study is to make an effort to understand the of demonetization, its objectives and impact on the economy.

Copyright & License

Copyright © 2026 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

BibTeX

@article{208692,
        author = {Dr. P. Kempegowda},
        title = {DEMONETIZATION: REVIEW AFTER A DECADE OF ITS IMPLEMENTATION},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {13},
        number = {4},
        pages = {2450-2452},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=208692},
        abstract = {Demonetization of currency is a radical monetary step in which a currency unit’s status as legal tender is declared invalid. The currency in use presently will be withdraw from the circulation. But the withdrawal of currency has both positive and adverse impact on the economy. On November 8, 2016, prime Minister Mr. Narendra Modi in his address to the nation on announced the demonetization of 500 and 1,000 as legal tender. The demonetization announcement made the use of Rs. 500 and Rs. 1,000 banknotes invalid past midnight of November 8. The present study is to make an effort to understand the of demonetization, its objectives and impact on the economy.},
        keywords = {Demonetization, currency, withdrawal, Economy. Impact etc.},
        month = {September},
        }

Cite This Article

Kempegowda, D. P. (2026). DEMONETIZATION: REVIEW AFTER A DECADE OF ITS IMPLEMENTATION. International Journal of Innovative Research in Technology (IJIRT), 13(4), 2450–2452.

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