India replaced its currency to wipe out illegal money stashes. Now the central bank says it didn’t work.
Over 99 percent of banknotes were returned after demonetization, India's Reserve Bank said.
For some strange reason, the Washington Post can’t seem to see that demonetization was a bold-genius-masterstroke reform. Probably just jealous that the US did not come up with this brilliant idea. All other countries are about to copy India any day now.
India replaced its currency to wipe out black money. Now the central bank says it didn’t work.