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PM Modi’s Demonetisation Decision Doesn’t Make Sense: CNN’s Richard Quest

Prime Minister Narendra Modi has demonetised Rs 500 and Rs 1000 notes the other day to clamp down on the corruption and this decision has drawn mixed opinions. Several thousands of people lined up at banks and ATMs for exchange and withdrawals when the banks and ATMs are opened. Richard Quest is a reputed international business correspondent of CNN and he expressed that the present decision might suspend the corruption but it all comes back in with the comeback of new high denomination notes.