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What if Germany also has a round of Demonetization, similar to what India did in November 2016? Would the Germans continue to use cash to pay for anything after
by calvinbhai 9y ago
What if Germany also has a round of Demonetization, similar to what India did in November 2016? Would the Germans continue to use cash to pay for anything after that?
I'm a fan of the Indian demonetization experiment, and I believe it has yielded positive results, at least in terms of being able to use your credit/debit cards almost anywhere.
If such a drastic measure is taken, then there'll be some aversion to cash, which will, in turn, move more people to non-cash modes of payment.