Eight months in, assessing the impact of what happens when you remove 86 percent of a country’s notes in circulation. India’s push toward digital payments has had effects both positive and negative, and here’s a scorecard of sorts.
At least some quantification of the initial impact of part of the initiative of the 500-rupee and 1,000-rupee note bans are in. The Financial Times reported that in India, $80 billion worth of the currency notes have been returned to banks. That activity follows the widely reported ban on the...
The removal of 500-rupee and 1,000-rupee notes from circulation in India have caused all sorts of unintended consequences, and those unintended consequences could be far-reaching and long-lasting across broad swaths of the economy. As reported by a number of news outlets, there have been any...
July 04, 2017
Eight months in, assessing the impact of what happens when you remove 86 percent of a country’s notes in circulation. India’s push toward digital payments has had effects both positive and negative, and here’s a scorecard of sorts.
March 05, 2020
And now, in India, get ready for the crypto deluge. Maybe. This week, the country’s Supreme Court ruled that a ban on cryptocurrency trading was unconstitutional. The ban, put in place by India’s central bank, stretches back almost two years, to April of 2018. Back then, the central bank stated that banks could not offer […]
November 22, 2016
At least some quantification of the initial impact of part of the initiative of the 500-rupee and 1,000-rupee note bans are in. The Financial Times reported that in India, $80 billion worth of the currency...
November 21, 2016
The removal of 500-rupee and 1,000-rupee notes from circulation in India have caused all sorts of unintended consequences, and those unintended consequences could be far-reaching and long-lasting across broad swaths...
