[bigcloud1299]

No it’s not. This is to eliminate all the fake notes and illegally collected money (via bribes) as depositing the money or exchanging them will force corrupt politicians and others to have to show tax receipts for where did they earn it from. Hahahaha. This is so awesome. Indian culture is full or corruption where you have to bribe to get anything done.

[throwaway384629]

Oh, but are you saying they didn't take care of all the fake notes and corruption by banning 80% of the currency in 2016?

And do the people have fake notes of the currency that was launched in 2016? Whats the plan going forward? Denomination every couple of years?

Hassle the whole country instead of catching the corrupts. May be thats why they have speed breakers installed even on the major roads.

I guess its fun if one does not have to line up in the banks.

[unmole]

The original demonetization resulted in 99.3% of old notes being returned. This time the notes in question aren't even demonetised but merely being pulled out of circulation.

The idea that this will somehow eliminate corruption is moronic.