Three countries in three continents: After Modi’s India, demonetisation is spreading around the world — Quartz

Six weeks ago, when prime minister Narendra Modi announced his government’s decision to demonetise Rs500 and Rs1,000 notes, it wasn’t just Indians who were taken aback. World leaders, economists, and international organisations watched the bold experiment with a mix of wonder and worry. Would it work as a means to crack down on unaccounted cash…

via Three countries in three continents: After Modi’s India, demonetisation is spreading around the world — Quartz

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