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Demonetization is the retraction of specific currency denominations in circulation and the subsequent replacement with new notes and coins. Initially, demonetization took the form of replacing an existing currency with a new one, and was enacted to mitigate cases of hyperinflation or to reduce large-denomination cash in circulation. It is a powerful policy tool for reducing the size of the underground economy. The historic demonetization move by the government is seen as a war on parallel economy, corruption, money laundering and to stop financing aid enjoyed by the terrorists. The present book highlights, considers and discusses various reasons, effects and issues of demonetization in India. It is hoped that the present edition of this book will be beneficial to all concerned of the society, in general and students, lawyers, advocates, academicians, human rights institutions, researchers and NGOs working in commerce/economics field, in particular.