Demonetization in 2016 vs Demonetization in 1978

The demonetization move by Narendra Modi surely astounded India when it was announced unexpectedly. But this is not the first time it has happened. Thirty eight years ago, another minister tried the same move with the same aim. Did he succeed or fail? Find out on this episode of Rusted Post Box as we explore the dark history of demonetization.

Rusted Post Box is a series of docudramas that relates various stamps, coins and notes to significant historic events. With the help of the newly established online museum,, this series aims at imparting knowledge and creating interest in the areas of Philately, Numismatics and Notaphily within the general public, collectors, students and scholars alike.

Promoted by the “Ultra” group, is the first website of its kind in the world, where all the three fields have been brought under one roof.

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