Question

describe the effects faced by common people due to demonetisation recently?

Answer 1

because of demonetisation the common people were nt able to put money in their account
their business went down
they did not know what to do
the poor people suffered more who did nt have addhar or voter card
plz mark brainliest

Answer 2

Answer:

Demonetization is the process of removing a monetary unit's legally enforceable status. It occurs when the national currency is changed. The existing version or versions of money were taken out of circulation and retired, usually to be replaced by new coins.

Explanation:

Effects faced by common people after demonitization:-

• There was long queue in Banks.
• Poor uneducated people suffered the most.
• Small factories were shut down.
• Industrial growth reduced.
• Indian economy initially suffered loss.