Demonetization

Demonetization

In November 2016, India gave its citizens less than 4 hour's notice that their two largest bills (worth about $8 and $16) would no longer be legal tender. They were only allowed to exchange a max of ₹2000-4500 ($31-70) per person per day, and ATMs were still running out of cash up to 5 months later.

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