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February 08, 2022

Demonetisation Article: The 3 Conspiracies Behind It.

 Conspiracies Behind Demonetisation in India

Demonetisation is one of the most effective decision taken by the government. It helps in answering the economy of the India to a great extent. According to reports it exposed around 15 lakh crores of black money in India and also increase the economy of the country by leading to an increase in the digital market. But there are three-four Conspiracies around currency demonetisation making rounds on the internet. 

Conspiracy theories are the best thing on the Internet and they are everywhere, No matter what happens there will be someone on the Internet to come up with some conspiracy theories about it. So let's overview some of the most convincing theories about demonetisation in India.

1. Cover up of defective rupees 500 and 1000 notes printed in Madhya Pradesh press. 

  • In January 22, 2016, a tweet was reported that around 80000 effective rupees 500 notes and 10,000 defective rupees 1000 notes produced by the male have already hit the market triggering panic among citizens of India.
  • There were two senior officials posted at security paper mill in Hoshangabad district of Madhya Pradesh was suspended overproduction of billions of defective rupees 500 and rupees 1000 banknotes. 

  • The RBI admitted the mistake and destroyed 30 crores of rupees 1000 it was reported that the notes were already in circulation and the government had failed to recover it. Security threads are missing in these notes said an official at Hoshangabad mill.
  • So here's the conspiracies arises that, Is demonetisation was the sudden announcement, to withdraw the notes from circulation silently?? Or the concept of demonetisation was actually to get rid of this huge mistake?.
2. The Published Gujarati Newspaper.

  • This Conspiracy either was supposedly an April fool prank or sound unusual. As a specific Gujarati newspaper predicts 7 months earlier about the concept of demonetisation, that government tries to ban currency in India.  
  • The currencies which was done in at most secrecy with most of Modi's own cabinet in the dark or at least that is what we have been told. But Rajkot based Gujarati newspaper called "Akila" published a news which they had carried 7 months back.
  • They wrote, "the government which came to power on the plank of removing corruption and black money is completing 2 years and as a first step towards this they try to removed rupees 500 and rupees 1000 notes from circulation". 

  • The fascinating thing is that newspaper was published on April 1st. Now the question arises, Either Is this news was used to aware the citizens about this huge concept earlier? Or Is it a kind of April fool prank, that was published at a big platform using printing press?.
  • Well in my opinion, its not a prank, it's totally a kind of advertisement to overview and inform everyone about Demonetisation in India.
3. Fromer RBI Governor, Raghuram Rajan's Economy Weapon.
  • While Subramanian Swamy was hell bent on removing Raghuram Rajan from the post of RBI Governor, the fire band BJP leader dropped a bombshell, basically according to Swamy, Raghuram Rajan had planted a time bomb in the economy and it would explode in the month of November-December 2016. 
  • Only Mr Swamy knows what exactly the time bomb was. In other words the conspiracy tells that the concept of demonetisation was actually an idea of Raghuram Rajan. 
  • But in Mr Rajan's defence this was really a government decision and RBI only had the role of implementing it.
Hope you like the article!! 

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