A surprise announcement on 11/8/16, demonetizing India’s 500- and 1000-rupee notes meant most of the money in the country had to be swapped for new notes.
Where to Spend 100 Trillion (Zimbabwe) Dollars
Coping with hyperinflation, Zimbabwe finally had to replace their currency with the US. dollar. A low inflation rate should be their monetary policy goal.
The Reversed Role of Chinese Deposit Insurance
While many nations have deposit Insurance and China will have theirs very soon, the quality and the confidence in different deposit insurance schemes vary.
Who, How and When We Use Cash
Although coin and currency are costly to transport and secure, still, cash is a key component of the money supply that people use for low value payments.