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

Published by Statista Research Department, Oct 16, 2020
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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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).

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