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[–] ArsCortica 0 points 1 point (+1|-0) ago 

From my own limited understanding, the demonetization in India was intended to to crack down on counterfeit bills and black market money, but even if that's the case, it backfired quite miserably. Simply removing two widely used bills from one day to the other in a country with more than one billion people was bound to create a nasty shockwave, even if banks were supplied with replacement cash.