| Summary/Abstract |
Radical Islamism or jihadism funded by “petrodollars” plays a sinister role in supplying arms to militant Islamist groups around the world and terror financing has indeed become a matter of concern for strategic analysts, particularly those engaged with the monumental task of counterterrorism. In view of the deep-rooted fi nancing of terror in Kashmir, it was hoped that demonetisation would curb the sources of funding in the valley where the ilk of Hizb-ul-Mujahidin collect donations from Pakistan and then route them into the state through hawala operators. This article reviews the effects of the demonetisation process carried out by the Narendra Modi government in 2016 to wipe out black money and its use for terrorism. It concludes that demonetisation is not an effective measure against terrorism and the illicit economy.
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