Wednesday, November 8, 2017

Has India’s new currency policy worked? | India

One year ago, Indian Prime Minister Narendra Modi’s government decided to withdraw several large denomination banknotes. The surprise move meant that Indians were suddenly left without being able to use nearly 86 percent of the country’s currency. The government said it was a way to crack down on so-called “black money”, a term used to describe any earnings from money laundering, “terror

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