Question

What was the main reason for the demonetisation of higher Indian currencies?​

Answer 1

Explanation:

The scheme was introduced by government to eliminate black money and counterfeiting. Reportedly, a surplus amount of higher denomination fake currency notes were in circulation which accounts for a rise in crime rate too.

hope it will help you :)

Answer 2

The scheme was introduced by government to eliminate black money and counterfeiting. Reportedly, a surplus amount of higher denomination fake currency notes were in circulation which accounts for a rise in crime rate too

. It was done to reduce the presence of counterfeit cash to fund criminal activity. When the demonetization was announced, there were shortages of cash across the country, as people scrambled to exchange their existing banknotes

hope it will helpful for you

please mark me brainlist