Bill Maurer, dean of the School of Social Sciences at UCI, and Lana Swartz, write: “On 16 November 2016, Prime Minister Narendra Modi made the surprise announcement that all 500 and 1000 rupee notes were being demonetized—they would become worthless paper within 30 days and people had a short window of 50 days (it was later shortened) to exchange their existing notes for new ones.”

For the full story, please visit https://socfinance.wordpress.com/2017/06/26/blog-series-from-bill-maurer-and-lana-swartz-post-1-on-cash-and-stuff/.

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