People waiting to exchange demonetised Indian currency show their old 500 and 1,000 rupee notes near the Reserve Bank of India in Bangalore. Photo: AFP
Tom Holland
Opinion

Opinion

Abacus by Tom Holland

The real reason governments want to steal our cash

If the crime-fighting explanation for the developed world’s attack on physical money sounds feeble, it is because it is an afterthought, dreamt up to win support for a policy that has a different and altogether less palatable purpose

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People waiting to exchange demonetised Indian currency show their old 500 and 1,000 rupee notes near the Reserve Bank of India in Bangalore. Photo: AFP
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