BBC World Service schedule for American satellite radio and the Caribbean

BBC World Service Americas and the Caribbean

Business Daily

Factual: Money

The daily drama of money and work from the BBC.

Business Daily: India Cash Queues: Cue Chaos

Bulletins

India cash ibroadcast.jpg

18/11/2016 GMT

India Cash Queues: Cue Chaos

BBC World Service - Business Daily, India Cash Queues: Cue Chaos

Prime Minister Modi's experiment to ban 500 and 1000 rupee notes: bold or foolhardy?

India has replaced its 500 and 1000 rupee notes - the aim is to cut corruption, the outcome has been pure chaos in places. Can India transition to a less cash-dependent economy?

India today is flying by the seat of its pants - so says one economist, in response to Prime Minister Modi's bold experiment to abolish many of the country's bank notes. The idea is to cut out corruption. But the result, in some places, has been pure chaos. We have a report from the streets of Kolkata, and get the views of a former IMF chief economist, Harvard Professor Ken Rogoff, author of "The Curse of Cash". Can India transition to a more digital, less cash-dependent economy? Thoughts on this from Kosta Peric, the Gates Foundation's Deputy Director of Financial Services for the Poor.

(Picture: People queue outside a bank to exchange defunct rupee notes in Amritsar; Credit: Narinder Nanu/AFP/Getty Images)

BBC World Service

BBC World Service Online

BBC World Service Australasia

BBC World Service East and Southern Africa Schedule

BBC World Service East and Southern Africa

BBC World Service East Asia

BBC World Service Europe and the Middle East

BBC World Service South Asia

BBC World Service West and Central Africa Schedule

Accessibility links

Programme Index

Business Daily

India Cash Queues: Cue Chaos

Genres

Formats

Brand

BBC World Service Americas and the Caribbean

About BBC World Service