demonetised in A Sentence

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    People were given several weeks to exchange their Demonetised currency for new notes at banks.

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    Around 90% of the Demonetised notes were returned to the banks, far more than the Government expected.

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    Ministers who were present have admitted, privately, that they were“told” at the meeting that currency will be Demonetised.

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    He said,“So the government and RBI actually Demonetised only Rs 13,000 crore and the country paid a huge price.”.

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    Demonetised currency notes worth Rs 30 crore were seized from a former corporator's house in the city's western suburb, police said on Friday.

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    Higher denomination bank notes of ₹ 1,000, ₹ 5,000 and ₹ 10,000 were reintroduced in 1954 and all of them were Demonetised in January 1978.

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    Even the government initially claimed that only 70-80 per cent of the Demonetised currency(approx Rs 14 lakh crore) would be deposited in banks or exchanged.

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    This is the highest currency note printed by RBI that is in active circulation, ever since the 1,000 rupee note was Demonetised in November 2016.

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    He alleged that a couple of years back Prime Minister Narendra Modi“Demonetised the Indian economy and destroyed the cash flow” of all small and medium businesses rendering millions jobless.

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    He alleged that a couple of years back Prime Minister Narendra Modi"Demonetised the Indian economy and destroyed the cash flow" of all small and medium businesses rendering millions jobless.

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    AFTER months of dilly-dallying, the Reserve Bank of India has finally come out with the figure that nearly 99 per cent of the currency notes Demonetised in November 2016, came back to the banking system.

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    On November 8, 2016, currency notes of denominations of ₹ 1000 and ₹ 500(specified bank notes or SBNs), valued at ₹ 15.4 trillion and constituting 86.9 per cent of the value of total notes in circulation were Demonetised.

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    During his tenure as the Finance Minister of India, the government Demonetised the ₹500 and ₹1000 banknotes of the Mahatma Gandhi Series, with the stated intention of curbing corruption, black money, fake currency and terrorism from 9 November 2016.

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