India Pays the Price of Demonetization

http://ift.tt/QfPtIX

The first phase of India’s radical demonetization experiment is over. Indian Prime Minister Narendra Modi made waves in November with his surprise announcement that the country’s 500- and 1,000-rupee notes — 86 percent…

Vía Financial Sense http://ift.tt/2io61E3

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