CONTENT

WHAT IS DEMONETIZATION
HISTORY
WHY DEMONETIZATION NEEDED
ADVANTAGES
DISADVANTAGES
CONCLUSION
MEANING

Demonetization is the act of stripping a

currency unit of its status as a legal tender.
Demonetization is necessary whenever there
is a change of national currency.
The old unit of currency must be retired &
replaced with the new currency units.
 HISTORY

The first instance was in 1946 and the second in

1978 when an ordinance was promulgated to
phase out notes with denomination of Rs
1,000, Rs 5,000.
The demonetisation of 500 and 1000
banknotes was a step taken by the Government
of India on 8 November 2016, ceasing the
usage of all 500 and 1000 banknotes of the
Mahatma Gandhi Series as a form of legal
tender in India from 9 November 2016.
ADVANTAGES

REDUCTION
IN ILLEGAL
ACTIVITY

Cashless
economy JAN DHAN
YOJANA

MERITS

SHORT
TAX TERM
PAYMENT INCREASE
IN
DEMAND
BLACK
MONEY
TRACKING
DISADVANTAGES
CURRENCY
DESTRUCTI
ON

PROBLEMS
TRUST
IN EVENTS
FACTOR
(MARRIAGE)

DEMERIT
INCONVENI
EFFECT ON ENCE OF
TOURISM COMMON
PEOPLE

SLOWDOW
N HUGE
ALTERATI RUSH TO
ON IN THE BANK
ATMS
CONCLUSION....

CORRUPTION FREE NATION.

NO MORE FAKE CURRENCY.
NO MORE ANTI NATIONAL ACTIVITY.
BLACK MONEY WILL BE REMOVED.
TO MAKE INDIA DIGITAL.