India's central bank says nearly all of the currency removed from circulation in a surprise 2016 attempt to root out illegal hoards of cash has came back into the financial system. Photo: AP

Indian currency decree does little to root out ‘black money’

Surprise 2016 attempt to root out illegal hoards of cash stumbles as nearly all currency removed has come back into financial system, reserve bank says

Topic |   India

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India's central bank says nearly all of the currency removed from circulation in a surprise 2016 attempt to root out illegal hoards of cash has came back into the financial system. Photo: AP
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