Demonetisation to cost ₹1.28 lakh crore till Dec 30: Study
The transaction cost incurred due to demonetisation during the 50-day deposit-period will be around ₹1.28 lakh crore, according to a study by the Centre for Monitoring Indian Economy (CMIE). The move can only be considered worth if the government is able to unearth unaccounted cash worth at least the transaction cost, CMIE's chief economist Mahesh Vyas said.