An Analytical Study of Demonetization

Omid Attayi


‘Demonetization’ is an important term in the affairs of currency and finance. It is the act of changing available currency and introducing new one or replacing available currency with new notes or coins. In simple language it means stopping available notes and coins officially. The act of Demonetization can stop old notes and coins and government can bring in use new and suitable currency for that particular era either in the form of notes or coins.  In the world ‘Demonetization’ has been done by various countries several times. As we know change occurs in every country as far as time passes. There is no option for change and everyone has to change according to time. Nobody can get stuck into the old and outdated things forever. Demonetization is also one of the required activities for every country to maintain the finance affairs in well manner. The present paper aims at giving information about the term ‘Demonetization’ in simple language. It also takes review of ‘Demonetization’ happened in the world. Finally it talks about the impacts of it.


Demonetization, Currency, Notes and coins, finance affairs, impacts

Full Text:



Alpana Killawala, Principal Adviser PRESS RELEASES Government of India vide their Notification no. 2652 dated November 8, 2016

Demonetization Pdf – Pros and Cons of Demonetization Rs 500,1000- Demonetization Essay - retrieved on 3rd March, 2017. Abhinav National Monthly Refereed Journal of Research In Commerce & Management VOL. 14 6, ISSUE 6 (June, 2017) Online ISSN 2277-1166

"Demonetisation leads to highest ever surrender of Maoists in a month - Times of India".

"Demonetization: Government not mourning over 100 deaths due to cash-crunch, says Opposition - Latest News & Updates at Daily News & Analysis". 8 December 2016.

Dipankar Dasgupta , Theoretical Analysis of ‘Demonetisation’ Economic and Political Weekly Vol. 51, Issue No. 51, 17 Dec, 2016

"E-commerce firms see 30% decline in cash on delivery orders post demonetisation". The Hindu. 2016-11-16. ISSN 0971-751X. Retrieved March 3, 2017

"E-commerce cash-on-delivery orders down by up to 30 per cent". The Indian Express. 2016-11- 17. Retrieved March 3, 2017

Manpreet Kaur Demonetization: Impact On Cashless Payemnt System International Journal of Science, Technology and Management (IJSTM) issue no. January 2017 retrieve on March 3, 2017

Reddy, R. Ravikanth. "Upset over price slump, farmer dumps lorry load of tomatoes". Retrieved March 3, 2017

"Saha, Manojit; Rukhaiyar, Ashish (13 November 2016). "Micro lending badly hit; surge in use of cards". The Hindu.


  • There are currently no refbacks.

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.