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Why did India choose to demonetize their 500 and 1000 rupee notes?
Just wondering what's behind that scheme.
3 Answers
- 4 years agoFavorite Answer
Just to punished to those people who have black money (doesnt pay tax). But the common people had faced more problem. So it have more disadvantages than advantages.
- 4 years ago
To eliminate fake currency, Black money (anyone deposting more than 200000 ruppes have to show his income source and tax history),
- 4 years ago
To curb black money and money laundering from its root. To stop terror funding, black money and duplicate currency circulation must be scrapped.
