Does Demonetization Work?

"While the Indian government's dramatic and surprise demonetisation campaign garnered most of the headlines, India is not the only country in the world potentially headed on a path (however long it may be) towards a cashless society. Some analysts are already predicting that Sweden could be totally cashless as soon as 2030 (see the video below), but it is the country's banks that have led the transition. In China too, it is the private sector and the market that have catapulted that country into the top-flight of cashless-ready economies."


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