Money Control | Rs 2,000 Note Withdrawal: No demonetisation redux but RBI could have done it better

Like a nightmare resulting from a traumatic experience for a person suffering from PTSD, demonetisation came back to haunt the collective consciousness of this country when the Reserve Bank of India (RBI) decided to recall the 2000 rupee note. Sure, there is an element of exaggeration in the previous statement, but the 2016 demonetisation weighs so heavily on the shared experience of the population that a move by the central bank to recall notes inevitably triggers memories of that episode.

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