Home » Currency Chaos (Page 5)
Deposits were nearly five times as large as withdrawals over 10 days to November 18, 2016, after Prime Minister Narendra Modi announced the demonetisation of Rs 500 and Rs 1,000…
November 21, 2016Read More
More than a week into demonetisation, the queues outside banks continue with no immediate end in sight. How quickly can the Reserve Bank of India print currency? Is this exercise…
November 17, 2016Read More
The demonetisation of Rs 500 and Rs 1,000 notes will hurt agriculture, informal sector workers—about 482 million people who earn cash incomes—and disrupt India’s consumption patterns for at least…
November 15, 2016Read More
Datum 1: Bank branches increased at 5% per year, but automated teller machines (ATMs), debit cards and card-swiping machines have doubled in four years and online transactions have grown…
November 12, 2016Read More
On this week’s DataFix with IndiaSpend, we discuss the effects of demonetisation of Rs 500 and Rs 1,000 notes. Will the move lead to a reduction of black money? Which…
November 11, 2016Read More
Rs 14 lakh crore–or $217 billion, 86% of the value of Indian currency currently in circulation–will become useless from midnight of November 8, 2016, part of the government’s crackdown…
November 8, 2016Read More