explain two major demerits of demonetisation.
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Explanation:
Disadvantages of Demonetisation. ... Another disadvantage is that destruction of old currency units and printing of new currency units involve costs which has to be borne by the government and if the costs are higher than benefits then there is no use of demonetisation.
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Explanation:
Disadvantages of Demonetisation. The biggest disadvantage of demonetisation has been the chaos and frenzy it created among common people initially. Everyone was rushing to get rid of demonetised notes while inadequate supply of new notes affected the day to day budgets of citizens.
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