Is Demonetization a Massive Failure?

It is a month now after we have completed the process of Demonetization which flushed out 15.6 Lakh Crore of Currency in the form of Old 500 and 1000 Notes. Things are near to normal in cities and slowly limping back to the normal in rural areas. It is expected that probably at the end of February, we may attain the completely normal.

[m9ad]

But even after all this, RBI is still holding back the data about Demonetization. The Central Bank is yet to reveal how much Currency is deposited back to the banks which will give us an idea about how much Black Money is flushed out of the system.

Political experts opined that Demonetization may have been a massive failure and so the government is holding back the data to mask the failure. “If it is a success, the government may have released the data and claim it ahead of the crucial assembly elections,” One Political Expert said.