 What is demonetization? Demonetization is the act of stripping a currency unit of its status as legal tender. Many countries in the past have demonetized their currency and all suffered an economic crisis. Some of these are Ghana, Nigeria, Zimbabwe, Soviet Union, North Korea, Myanmar and others. The percentage of cash demonetized in India is about 86%, which is present in denominations of Rs. 501,000. 86% of the cash flow has been wiped out. The re-monetization is not happening smoothly. Old, soiled 100 rupees notes are being circulated by the RBI, but the ATMs are unable to read and process these notes. Even the new Rs. 2000 note is not really easing the cash crunch as many ATMs need to be recalibrated to its dimensions. If the new Rs. 2000 note is available, where will we give it? If the new Rs. 2000 note is available, where will we give it? With the new Rs. 2000 note, there is also the problem of getting changed so people are hoarding and saving the cash they do have. This in turn is leading to a decline in cash transactions which is impacting the income of people, especially the daily wage laborers, farmers etc. The rural sector has been worst affected as there was only one physical back branch for every 12 villages, whereas every urban area has a branch. Even though there are more than one lack of operative branches, they are not operational as the government has kept them out of re-monetization. With the shortage of actual cash in circulation, it has just added to the misery of the common man.