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I guess question is less of was it successful but rather was it necessary and did the move do any good at all? One thing I can't understand is, when I look up
by pavanred 9y ago
I guess question is less of was it successful but rather was it necessary and did the move do any good at all?
One thing I can't understand is, when I look up all the countries/regimes/dictators in history that have tried demonetization, and almost always it was done for the same reason - curbing corruption, black money, counterfeiting etc., and generally it resulted in people losing confidence in the institutions/governments, no real dent in corruption, counterfeiting even decades later. Unless I missed something, it just puzzles me why we would try it now and expect a different result.
- thisisit 9y agoWhat all countries/regimes/dictators have tried this? And what has been their results? I surely would like some source to back up what you said.