MoneyUncategorizedNovember 24, 2016by Monika Halan0Two weeks of cashless in the country

The demonetization elephant has to work itself through the phyton. Too early to say it has failed.

Two weeks after the sudden death of a bulk of Indian currency notes, the most obvious panic seems to be over but the elephant of demonetisation is yet to work its way through the system. The entire process will take months before the python digests the elephant.

Arguments, edits, opeds, conversations, debates and social media are sharply divided on what the currency replacement will achieve. I remain in the ‘it’s good for the country’ side of the debate and want to address some of the arguments against demonetisation.

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