September 25, 2019
Looking at the economic impact of India's 2016 demonetization of large denomination rupees, researchers concluded that cash still matters.
Looking at the economic impact of India's 2016 demonetization of large denomination rupees, researchers concluded that cash still matters.
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.