write an essay on Pros and Cons of Demonetization.

Demonetization: Demonitization involves changing currency status by replacing a note or coin. This reduces Circulation of money on the hand to hand Pros of demonitization: Reduce Inflation, Long term GDP, Increase in digital transcations, Reduce spending habits, cheaper home loan, rise in ebanking and ecommerce, Tax compilance, Improve Indian economy, Reduce corruption, Increased market share Cons: Disruption in trade, Effects of media and advertising industry, loss of consumption, difficult transaction, Impact on agriculture sector, Expensive, cybercrime, Affects back savings, Lack of freedom, Lack of knowledge