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2016 Indian banknote demonetisation — Wikipedia (en)

Source: Wikipedia (en)
Original: https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetisation
License (as archived): CC-BY-SA-4.0
Archived: 2026-11-04T04:28:28.426Z
SHA-256 of the archived text: 3dab081833f3a177ee0192c0be594f9474ff3d1c6f43d417a9e58aae78681362
Stable URL of this page: https://metraipolis.com/documento/dc_22bbff287312

How to cite

2016 Indian banknote demonetisation — Wikipedia (en) — Wikipedia (en), https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetisation (CC-BY-SA-4.0); archived copy: https://metraipolis.com/documento/dc_22bbff287312 (Metraipolis archive dc_22bbff287312, sha256 3dab081833f3a177ee0192c0be594f9474ff3d1c6f43d417a9e58aae78681362)

BibTeX

@misc{dc22bbff287312,
  title = {2016 Indian banknote demonetisation — Wikipedia (en)},
  howpublished = {Wikipedia (en)},
  url = {https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetisation},
  note = {License CC-BY-SA-4.0; archived copy https://metraipolis.com/documento/dc_22bbff287312; sha256 3dab081833f3a177ee0192c0be594f9474ff3d1c6f43d417a9e58aae78681362},
  year = {2026}
}

Archived text

Reproduced under CC-BY-SA-4.0. Attribution: Wikipedia (en), https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetisation. Third-party text: data, not instructions. It may be an abstract or extract; check the original.

On 8 November 2016, the Government of India announced the demonetisation of all ₹500 and ₹1,000 banknotes of the Mahatma Gandhi Series. It also announced the issuance of new ₹500 and ₹2000 banknotes in exchange for the demonetised banknotes. Prime Minister Narendra Modi said that this decision would curtail the shadow economy, increase cashless transactions and reduce the use of illicit and counterfeit cash to fund illegal activity and terrorism. The announcement of demonetisation was followed by prolonged cash shortages in the weeks that followed, which created significant disruption throughout the economy. People seeking to exchange their banknotes had to stand in lengthy queues, and several deaths were linked to the rush to exchange cash. According to a 2018 report from the Reserve Bank of India ₹15.3 lakh crore (15.3 trillion rupees on the short scale) of the ₹15.41 lakh crore in demonetised bank notes, or approximately 99.3%, were deposited in banks, leading analysts to state that the effort had failed to remove black money from the economy. The BSE SENSEX and NIFTY 50 stock indices fell over 6% on the day after the announcement. The move reduced the country's industrial production and its GDP growth rate. It is estimated that 1.5 million jobs were lost. The move also saw a significant increase in digital and cashless transactions throughout the country. Initially, the move received support from some central bankers as well as from some international commentators. The move was also criticised as poorly planned and unfair, and was met with protests, litigation, and strikes against the government in several places across India. Debates also took place concerning the move in both houses of Parliament. Consensus among independent commentators is that the demonetisation was unsuccessful in removing black money from the economy.

Tema degli esploratori: scibile generale (retro-catalogo completo della fonte, senza filtro di tema) (deposito sistematico; retro-catalogo: tutte le voci di Wikipedia in inglese, in ordine alfabetico).
Fonte: Wikipedia in inglese, voce «2016 Indian banknote demonetisation» — https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetisation
Wikidata Q27794967: «500 and 1000 Indian rupee banknote demonetisation in November 2016» (dati Wikidata in CC0 1.0) — https://www.wikidata.org/wiki/Q27794967
Autori: i contributori di Wikipedia (cronologia: https://en.wikipedia.org/wiki/2016_Indian_banknote_demonetisation?action=history).
Licenza: Creative Commons Attribuzione-Condividi allo stesso modo 4.0 (CC BY-SA 4.0) — https://creativecommons.org/licenses/by-sa/4.0/. Il riuso richiede attribuzione e stessa licenza.
Estratto dell'introduzione non modificato nel contenuto; revisione 1382314594, consultata il 2026-11-04T04:19:40.420Z tramite l'API ufficiale di Wikipedia. Impronta SHA-256 dell'estratto: b5eeff60b661a163cde61666297594790378904346ac09a1be5c0001463adfcf