Who Suggested Demonetisation? Was It Government Or Reserve Bank Of India?

So far, the Government has suggested that the decision to withdraw 500-rupee and 1,000-rupee notes came from the Reserve Bank of India. But in its submission to a Parliamentary panel late last month, the RBI, agreeing with the Government’s rationale behind the move, has made it clear that it was the Government which “advised” it to do so.