Why motion change 500 and 1000 rupees notes
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Prime Minister Narendra Modi, on 8th November banned currency notes of Rs 500 and Rs 1000. He announced a decisive war against black money and also corruption by demonetising notes of Rs 500 and Rs 1000 which are no longer legal. From November 10, 2016 new banknotes of Rs 500 and Rs 2000 were introduced. Even RBI Governor, Urjit Patel said that he saw no impact on liquidity in the wholesale market and that the bank had ramped up production of the new series of notes over the last few months.
That time, the launching of new currency notes are claimed to be equipped with some additional/new security features to keep track of fake currency notes in the country. We all know that demonetisation of Rs 500 and Rs 1000 for short term surely impact all the citizens of India but for long run it will be beneficial step in right direction. So, let us have a look on the benefits of this scheme, future perspective how it will be beneficial and also some drawbacks.
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That time, the launching of new currency notes are claimed to be equipped with some additional/new security features to keep track of fake currency notes in the country. We all know that demonetisation of Rs 500 and Rs 1000 for short term surely impact all the citizens of India but for long run it will be beneficial step in right direction. So, let us have a look on the benefits of this scheme, future perspective how it will be beneficial and also some drawbacks.
Hope it helps
Please mark as Brainliest
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