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A comment on India's demonetisation of Rs. 500 and Rs. 1000 notes. Parent comment

Re:India's demonetisation of Rs. 500 and Rs. 1000 notes by fa17 on Tuesday November 08, 2016 @01:34PM (#12902726)
Reading about it, looks like this has been done before in India in '54 and '78. Has black money decreased since then?
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Re:India's demonetisation of Rs. 500 and Rs. 1000 notes by shripadk on Tuesday November 08, 2016 @02:48PM (#12903363)
You can't compare '54 and '78 with 2016. Removing 500 and 1000 rupee notes as legal tender in 2016 accounts to more than 80% of total cash circulation. This is huge.
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