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When Rs 500 And Rs 1,000 Currency Notes Can’t Buy You Anything
How is the aam aadmi coping with the demonetization of currency?
09 Nov 2016, 08:41 PM IST 
A person hands over a Rs 1,000 note to a seller. (Photographer: Prashanth Vishwanathan/Bloomberg)
The government’s decision to withdraw, with immediate effect, Rs 500 and Rs 1,000 currency notes from circulation, left citizens off guard. The four-hour notice period led to some teething problems the day after the announcement. In a large economy like India, where a lot of transactions are done in cash, this sudden move meant that people were left scrambling for lower denomination notes.