Demonitization Was a Catastrophe

New Delhi, Sep 8 (IANS) Demonetisation was a catastrophe which couldn’t achieve the objectives it aimed for, Marc Faber, editor and publisher of economic and financial publication ‘The Gloom, Boom and Doom Report’, said on Friday.

“We all know demonetisation has been a catastrophe. It didn’t achieve its objectives. It could have been done in a benign way, giving a period of six months wherein old notes could be exchanged so that nobody suffered,” Faber told BTVi in an interview.

He said that...