/ Category / Cashless

RBI must issue e-Rupees to all citizens

October 8, 2017 - 7:22 pm in Economics

The various reasons for demonetisation have not stood up to scrutiny: 99% of the Rs 500 and Rs 1000 notes came back to the RBI, so only Rs 165 billion out of Rs 16,415 billion may have been black money. Secondly if the aim was to stop people hoarding money…