India’s currency chaos is stalling cash transactions
Last week, the Indian government decided to get rid of two widely circulated bills, the 500 and 1,000 rupee notes. Prime Minister Narendra Modi moved to get rid of the bills as a way to crack down on the country’s hidden economy. The switch to different notes, however, has set the country in great confusion and disarray as people and businesses rush to the ATMs and banks to change out their bills.
Host Kai Ryssdal talked with Rahul Tandon of the BBC about India’s currency confusion.
Click the audio player above to hear the full interview.
Stories You Might Like
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
