Why India scrapped its two biggest bank notes

by | November 14, 2016 1:24 pm



At the end of 2016, 86% of all cash in circulation will become worthless. Why? In a surprise televised address on the evening of November 8th, Narendra Modi, the prime minister of India, delivered a bombshell: most of the money in Indians’ wallets would cease to be accepted in shops at midnight. The two most…

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