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“It is a surgery done without administering the patient the dose of anaesthesia,” Bokil says about demonetisation of the currency notes of Rs500 and Rs1,000. He calls it “currency compression”, not demonetisation. “We have proposed compressing the currency so much that the Rs50 note becomes the highest denomination in circulation. We are not there yet but eventually we will,” prophesies Bokil with the easy certitude of a pragmatist.
“It is a surgery done without administering the patient the dose of anaesthesia,” Bokil says about demonetisation of the currency notes of Rs500 and Rs1,000. He calls it “currency compression”, not demonetisation. “We have proposed compressing the currency so much that the Rs50 note becomes the highest denomination in circulation. We are not there yet but eventually we will,” prophesies Bokil with the easy certitude of a pragmatist.
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