Ep. 02: Demonetisation
The Seen and the Unseen - hosted by Amit Varma · Amit Varma
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Show Notes
On November 8, 2016, India's prime minister Narendra Modi announced that 500- and 100-rupee notes would cease to be legal tender from midnight that day, which removed 86% of the cash from circulation. Demonetisation (aka "DeMon" or "Notebandi") had humanitarian and economic effects that might take years to play out. In Episode 2 of The Seen and the Unseen, Amit Varma is joined by Suyash Rai, an economic analyst from Delhi, as they examine whether demonetisation achieved any of its intended effects, and try to come to terms with some of its unintended (but foreseeable) consequences.
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