Demonetisation: India’s unprecedented move against corruption
21 Mar 2017

On November 8, 2016, Indian Prime Minister Narendra Modi announced in a televised speech that 500 and 1,000 rupee notes would no longer be legal tender, swiftly rendering 86 per cent of cash in the country invalid. Five months on from this unprecedented move, has it achieved any of its corruption-reducing goals? Or were these little more than cover stories for a political objective? Alem Ao explores.

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