A member of the Communist Party of India displays a 1000 rupee note during a protest against Indian Prime Minister Narendra Modi and the withdrawal of the high-value banknotes from circulation. Photo: AFP/Arun Sankar
Opinion
Opinion
Abacus
Why Modi’s Indian banknote bombshell has shades of North Korea’s currency disaster
The Indian Prime Minister’s shock move to formalise the country’s vast parallel economy is set to bring more hardship than benefits in the short term
A member of the Communist Party of India displays a 1000 rupee note during a protest against Indian Prime Minister Narendra Modi and the withdrawal of the high-value banknotes from circulation. Photo: AFP/Arun Sankar