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Will the Dematerialisation of Currency on the lines of Demat Shares work in India?

April 26, 2017Business currency demat shares dematerialisation India

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Will the Dematerialisation of Currency on the lines of Demat Shares work in India?

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Going by the recent developments in black money stashed in Swiss Banks and in mattresses, pillows etc, fake currency in circulation, bribe, number 2 component in big transactions like real estate etc., I think there is a need to control the flow of currency in Indian economy. Hence a need to come out with a solution to stop the evil.