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Indian government demonetized Rs 500 and 1000 notes but replaced them with 500 and 2000 note. Isn't this contradicting?
I was curious about something. Can you explain why the Indian government demonetized Rs 500 and 1000 notes but replaced them with 500 and 2000 notes? Isn't this contradicting?
The Indian government demonetized Rs 500 and 1000 notes to curb the flow of black money and counterfeit notes in the economy. The currency was then replaced with new Rs 500 and Rs 2000 notes to facilitate smooth transactions and improve the overall economy.