[Former Proud Canadian]

This is a fascinating story that is being entirely overshadowed by the US election. India has basically called in all of its paper currency notes over the equivalent of $10US. Since 90% of the Indian economy runs on cash you can imagine the turmoil.

[PGR88]

More socialism, statism and fascism in action.

Watch the results carefully, because it is what every central bank and government in the West wants to do as well.

[captain_dave]

The Indians might start using foreign notes instead of rupees

[Flavious_Maximus]

A ten dollar note is much to small a currency to have in large quantities.

Imagine you purchase groceries that cost $150, you would need to have 15 ten dollar bills in your possession to pay for it.

This would not be acceptable here.

[Wolfie]

Gee, I hope this doesn’t affect the bottom line of all those U.S. companies that offshore to India.

[DJ Taylor]

I wonder if Obama’s multi-billion dollar cash ransom payment to Iran had anything to do with this lose of faith in cash money in this part of the world?

[Yollopoliuhqui]

Globalist test run.

[KarlInOhio]

Hillary proved that you don't need bags of large bills to keep the wheels of corruption well lubricated. Blatant and easily traceable electronic transfers work just as well if you have a government that squeezes its eyes shut to evidence of corruption. Thus if politicians no longer need stacks of hundreds you don't either, peasant.

[fella]

You say you want a revolution . . .

This is how you start one.

[RayChuang88]

But isn’t the Indian government issuing brand new paper currency based on a different denomination of Indian Rupees because there was an issue with counterfeit currency coming in from Pakistan?

[headstamp 2]

Government policies force an underground economy.

The government responds by banning cash.

Look for it to happen here too.

[WKUHilltopper]

The push for digital money—the globalists are going for broke. When they control your money and how you will use it, they’ll control everything about you. Say something they don’t like? They flip a “switch” and you have zero access to your own money.

[jennychase]

Pakistan flooded fake currency, too much black money which was causing inflation.

[lucky american]

The world is watching to see how this goes. This is a tyrannical government’s dream. No way am I giving up my cash.

[MeneMeneTekelUpharsin]

This WILL probably happen here before too long. Good way to have the same effect on drug dealers, corrupt individuals hoarding cash and others. It will hurt the little people, though.