Current：Home > StocksA cashless cautionary tale -ProfitSphere Academy
A cashless cautionary tale
View
Date：2025-04-12 06:57:53
More and more countries around the world are moving away from cash. India's recent announcement that it'll get rid of its highest denomination bill brings back memories of a disastrous experiment to invalidate most of its currency in 2016. But is the country ready for a world with less cash? And what can the rest of the world learn from its experiment.
Today, we tell India's demonetization story and look at the drawbacks of a completely cashless society.
Music by Drop Electric. Find us: Facebook / Newsletter.
Subscribe to our show on Apple Podcasts, Spotify, Pocket Casts and NPR One.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
veryGood！ (3746)
Related
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Camp Lejeune water contamination tied to range of cancers, CDC study finds
- Federal investigators examining collapsed Boise airplane hangar that killed 3
- Police search for two missing children after remains found encased in concrete at Colorado storage unit
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Watch: Pipeline explosion shoots flames 500 feet high, reportedly seen in three states
- NBA trade deadline: Will the Lakers trade for Dejounte Murray?
- Investigation into killings of 19 burros in Southern California desert hits possible breakthrough
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Former Ohio Senate President Stanley Aronoff dies at 91
Ranking
- Nevada attorney general revives 2020 fake electors case
- Middle school workers win $1 million Powerball prize after using same numbers for years
- Punxsutawney Phil prepares to make his annual Groundhog Day winter weather forecast
- Nikki Haley's presidential campaign shifts focus in effort to catch Trump in final weeks before South Carolina primary
- Louvre will undergo expansion and restoration project, Macron says
- Ravens TE Mark Andrews helps aid woman with medical emergency on flight
- Arizona lawmaker Amish Shah resigns, plans congressional run
- 11-year-old boy shot after being chased in Atlanta; police search for 3 suspects
Recommendation
Former longtime South Carolina congressman John Spratt dies at 82
As Maine governor pushes for new gun laws, Lewiston shooting victims' families speak out
In California, Black lawmakers share a reparations plan with few direct payments
Video shows bear cubs native to Alaska found wandering 3,614 miles away — in Florida
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
We’re Confident You’ll Want to See Justin and Hailey Bieber’s PDA Photo
Arizona lawmaker Amish Shah resigns, plans congressional run
No quick relief: Why Fed rate cuts won't make borrowing easier anytime soon