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Value of Point-of-Sale transactions post demonetization in India 2016

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Value of Point-of-Sale transactions post demonetization in India 2016

Value of Point of Sale (POS) transactions post demonetization across India in October and November 2016 (in million Indian rupees)

by Statista Research Department, last edited May 15, 2019

Value of Point-of-Sale transactions post demonetization in India 2016

This statistic represents the value of point of sale (POS) transactions post demonetization across India in October and November 2016. POS transactions increased to about 175 million Indian rupees in November 2016 from about 122 million in the previous month. On November 8, 2016, the government announced demonetization of all 500 and 1,000 Indian rupee banknotes attempting to crack down on illicit and counterfeit cash that was allegedly funding illegal activity and terrorism. This led to weeks of cash shortages, creating a significant disruption in the Indian economy.

Value of Point of Sale (POS) transactions post demonetization across India in October and November 2016 (in million Indian rupees)

	Transaction value in million Indian rupees
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	Transaction value in million Indian rupees
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by Statista Research Department, last edited May 15, 2019

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