Here’S The Charge Indians Paid For Demonetisation

Citizens scrambled to get hold of the new currency notes which were short in supply following the demonetisation announcement in November last year, leading to chaos.
Meanwhile the Centre for Monitoring Indian Economy estimated the transaction cost of demonetisation to be ₹1.28 lakh crore.
But is that number worth the cost of demonetisation?
And the ₹8.9 crore figure might dip further — RBI reportedly still hasn’t counted the currency returned to district central cooperative banks and those returned in Nepal.
While this can’t be solely blamed on demonetisation, it is a major contributing factor.

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