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Demonetization is a drastic intervention into the economy involving removal of the legal tender status of a currency. Demonetization is used as a tool to stabilize a currency and fight inflation, to facilitate trade and access to markets and to push informal economic activity into more transparency and away from black and gray markets. Impact of demonetization is extremely immense and fundamentally major as far as Indian economy is concerned. An attempt has been made in this paper to discoverdoi:10.5958/2249-877x.2017.00032.7 fatcat:hrnwxxnqnnglrekplzwu3pt6au