Danish Ismail/Reuters Courtesy: Danish Ismail/Reuters
15 June 2021

Linking demonetisation and stone-pelting

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There have been many reported links between protesters pelting stones at security forces in Kashmir and the Pakistani Inter-Services Intelligence (ISI), with Indian intelligence reports that stone-pelters were paid money by the ISI, and often went on to become militants. This was an important motivation behind the demonetisation of currency notes by the Indian government in 2016. However, this raises the question: has demonetisation really curbed stone-pelting?

GH_Demonetisation_Web-724x1024 Courtesy: Gateway House
24 November 2016

Demonetisation around the world

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Prime Minister Narendra Modi's announcement on November 8 to demonetise notes of the denomination of Rs 500 and Rs 1000 has a precedent. This infographic traces some interesting demonetisation initiatives around the world. From discontinuation of high denomination notes due to lack of circulation, to the use of beer and water as 'real assets' in place of hyper-inflated currency.