The Risks and Rewards of Going Cashless: Lessons from India's Demonetization

1 min read
Source: NPR
The Risks and Rewards of Going Cashless: Lessons from India's Demonetization
Photo: NPR
TL;DR

India's recent move towards a cashless society brings back memories of its disastrous experiment to invalidate most of its currency in 2016. The country's readiness for a world with less cash is questioned, and the drawbacks of a completely cashless society are examined.

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