Analysis

Why India scrapped its two biggest bank notes

by The Economist

November 14, 2016 | 1:24 pm
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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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by The Economist

November 14, 2016 | 1:24 pm
  |     |     |   Start Conversation

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Analysis

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