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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
Sep 23, 2019
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)
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| Transaction value in million Indian rupees | |
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by Statista Research Department,
last edited
Sep 23, 2019
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.
- Show sources information
- Show publisher information
- Release date
- April 2017
- Region
- India
- Survey time period
- October and November 2016
- Supplementary notes
- One Indian rupee is equal to 0.016 U.S. dollars and 0.013 euros (as of August 2017).
Source
- Show sources information
- Show publisher information
- Release date
- April 2017
More information
- Region
- India
- Survey time period
- October and November 2016
- Supplementary notes
- One Indian rupee is equal to 0.016 U.S. dollars and 0.013 euros (as of August 2017).
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