Inflation accelerates demonetisation in India

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November 19, 2013 – As inflation is continually raising India’s Reserve Bank has announced that the remaining coins with face value less than 1 Rupee will no longer be in use. According to the media India’s Government admits with that move the galloping inflation in the country. Actually since long time people have used the smaller coins less and less since they carried no more real value. Now the coin with the lowest face value is 1 Rupee.

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