11. The Chief Minister of West Bengal Mamata Banerjee also met the President Pranab Mukherjee to oppose the demonetisation . 12. Several e-commerce companies hailed the demonetisation decision as an impetus to an increase in digital payments. 13. At the time of its demonetisation , the guilder was the third-highest denomination coin in the Netherlands. 14. It was changed in 1985 to a version by Raphael Maklouf, which remained until its demonetisation in 1992. 15. While, the CMD of Punjab National Bank said that panic after demonetisation started fading on 19 November 2016. 16. Huge amounts of cash in the form of new notes were seized all over the country after the demonetisation . 17. Following the 2016 Indian Banknote Demonetisation , a number of Axis Bank employees were arrested for facilitating money laundering activities. 18. In the days following the demonetisation , the country faced severe cash shortages with severe detrimental effects across the economy. 19. Former Chief Election Commissioner of India S . Y . Quraishi said demonetisation could lead to long term electoral reforms. 20. Singh at last termed the demonetisation move as an " organised loot, legalised plunder of the common people ".
