The announcement came suddenly and gave people only until the end of 2016 to exchange their money. Economic problems ensued in the months after the demonetization including large falls in stock indices, cash shortages, and a rise in unemployment, before the currency gained back value from mid 2017 to early 2018. The rupee fell in value at the end of 2018, but the rate was mostly steady during my November survey.
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This is information that an employer can offer an employee when relocating them from one location to another. This statement provides a sense of how the employee’s purchase power will be affected by the move.