Re:One Year After India Killed Off Cash, What Other Countri...
by Retric on Wednesday November 08, 2017 @09:53AM
(#15652944)
Direct evaporation is only one part of this. You need to consider the overhead as people tried to get money into the banking system without alerting the government.
AKA, If you started with X money hidden then you don't get to keep 100% of that money if you hand it to other people to deposit.
On top of that people where caught, so actual black money disappearing was much greater than 1%.
AKA, If you started with X money hidden then you don't get to keep 100% of that money if you hand it to other people to deposit.
On top of that people where caught, so actual black money disappearing was much greater than 1%.