Talk about a natural shock! I can already see economists writing drafts and just waiting to get data.
Personally, I think this policy change may have been to drastic given that many Indians are underbanked. I guess mobile payments will become more attractive.
Let’s see if other nations follow suit to get rid of large notes to deter tax evasion and money laundry.
That reminds me. Hmmm…how will we commemorate national heroes and national monuments?
No stamps. Now no cash notes…