Current：Home > NewsA cashless cautionary tale -OceanicInvest
A cashless cautionary tale
View
Date：2025-04-26 13:35:39
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！ (397)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- For ESPN announcers on MLB's Korea series, pandemic memories come flooding back
- 50 women on ski trip stranded by snowstorm, trapped in bus overnight: We looked after each other
- Suspect in Oakland store killing is 13-year-old boy who committed another armed robbery, police say
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Jon Bon Jovi says he's 'not in contact' with Richie Sambora despite upcoming documentary on band
- Manhunt on for suspect wanted in fatal shooting of New Mexico State Police officer
- Telehealth websites promise cure for male menopause despite FDA ban on off-label ads
- Bodycam footage shows high
- Ohio primary will set up a fall election that could flip partisan control of the state supreme court
Ranking
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- How Texas’ plans to arrest migrants for illegal entry would work if allowed to take effect
- Lucky Day: Jerome Bettis Jr. follows in father's footsteps, verbally commits to Notre Dame
- First charter flight with US citizens fleeing Haiti lands in Miami
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- When is Final Four for March Madness? How to watch women's and men's tournaments
- NC State completes miracle run, punches March Madness ticket with first ACC title since 1987
- Years after her stepdad shot her in the face, Michigan woman gets a new nose
Recommendation
Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class
In images: New England’s ‘Town Meeting’ tradition gives people a direct role in local democracy
To Stop the Mountain Valley Pipeline, a Young Activist Spends 36 Hours Inside it
One Way Back: Christine Blasey Ford on speaking out, death threats, and life after the Kavanaugh hearings
San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
Telehealth websites promise cure for male menopause despite FDA ban on off-label ads
What channel is truTV? How to watch First Four games of NCAA Tournament
Book excerpt: One Way Back by Christine Blasey Ford