Stopped accepting 500/1000Rs notes since demonitization
announcement. (there are exceptions for loyal customers) Drastic decline in sales. Difficulty in cash transactions. On the other hand, business of photocopies increased. People with more cash try to spend as much as possible to get rid off their notes. Some wholesalers found out an opportunity in this situation by developing a scheme in which if X amount of goods are purchased then they will accept cash in 500/1000 rs. Denominations. Long lasting Debts where cleared if the receiver is ready to accept 500/1000 Notes. Lower class people became too cautious while purchasing any goods. The new currency of 2000Rs notes Is an additional headache for small retailers because carrying out transactions becomes difficult.