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I guess the linked Bloomberg article doesn't make it clear? Cash hasn't been banned in India. Only ₹500 and ₹1000 denomination currency notes have been scrappe
by swatkat 10y ago
I guess the linked Bloomberg article doesn't make it clear?
Cash hasn't been banned in India. Only ₹500 and ₹1000 denomination currency notes have been scrapped. Replacement currency notes (₹₹500 and ₹2000) with new design are being disbursed at banks and ATMs. It would take few more days to stabilize, that's all.
- jaypaulynice 10y agoThanks! I was responding to the comment by saying that banning all cash wouldn't be necessarily good...but yeah the article does make it sound like all cash would be banned...