India’s demonetization: 10 years on, promises remain unfulfilled

On November 8, 2016, Prime Minister Narendra Modi announced in a televised address to the nation that he was withdrawing all 500- and 1,000-rupee banknotes from circulation at midnight. The surprise move invalidated 86.9% of the value of currency in circulation in a single stroke. Modi asked Indians to make a “grand sacrifice for cleansing