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Defence Academy Coimbatore A leading coaching academy for Sainik, Military and RIMC Schools, NDA, IMA, AFCAT SSB, FSB Interview http://www.ssbcoaching.com call 094437 20076 Defence Academy Thanks the author for this article Impact and Pros and cons of Demonetisation in India are very wide.  Before we will discuss the advantages and  disadvantages of Demonetisation , or pros and cons of Demonetization we must discuss the following points. What is Demonetisation? Demonetisation is a process by which a denomination of currency will not be legal tender. The denominations of note will not acceptable as valid currency. The same thing happens with the Rs. 500 and Rs.1000 note after demonetization. What are the causes of Demonetization? There can be many reasons of Demonetisation in any economy some of them are : Introduction of New Currency , to stop Black Marketing, excess Currency Storage,  High Corruption rates and others. There will be excess fake...