The best example of Demonitisation success is, from my personal experience.
Before Demonitisation housing loan interests were above 10.5%. Now 8.35% only.
Before Demonitisation fixed deposits intrests rate were 7.75% and now 6.9% only.
Our banks were struggling to collect cash it needed, Demonitisation bring back 1/3 of the total printed currency reserves back to bank which was hidden by the politicians. The benefit is now banks have enough cash and gives the benifit to all by decreasing the loan intrest rates.
Don't fall for opposition's propaganda that 97% cash is back to bank and demo failed.
Actually the exercise is to bring back the cash to bank only from the hiding places.
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