Cash Ban the Best Thing to Happen to Indian Digital Payments

Re:Cash Ban the Best Thing to Happen to Indian Digital Payments by swatkat on Wednesday November 23, 2016 @06:29PM (#13026669)

I guess the linked Bloomberg article doesn't make it clear?

Cash hasn't been banned in India. Only ₹500 and ₹1000 denomination currency notes have been scrapped. Replacement currency notes (₹₹500 and ₹2000) with new design are being disbursed at banks and ATMs. It would take few more days to stabilize, that's all.

[ Parent | on HN ]

Re:Cash Ban the Best Thing to Happen to Indian Digital Payments by jaypaulynice on Wednesday November 23, 2016 @06:49PM (#13026762)

Thanks! I was responding to the comment by saying that banning all cash wouldn't be necessarily good...but yeah the article does make it sound like all cash would be banned...

[ Parent | on HN ]