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68% of transactions in India are cash-based: CLSA

Russia and Indonesia are ahead of India on this count

Puneet Wadhwa  |  New Delhi 

While India plugs black money holes, Indians find leaks

Prime Minister on November 8 announced that Rs 500 and Rs 1,000 won't be legal tender anymore. It was done to curb black money. Ever since, people have flocked to  banks to get their old currency exchanged. 

Data reveals Indians settle maximum number of transactions in cash. 

We bring you the data of transactions and currency distribution.
 

68% of transactions in India are cash-based: CLSA

Russia and Indonesia are ahead of India on this count

Russia and Indonesia are ahead of India on this count
Prime Minister on November 8 announced that Rs 500 and Rs 1,000 won't be legal tender anymore. It was done to curb black money. Ever since, people have flocked to  banks to get their old currency exchanged. 

Data reveals Indians settle maximum number of transactions in cash. 

We bring you the data of transactions and currency distribution.
 
image
Business Standard
177 22

68% of transactions in India are cash-based: CLSA

Russia and Indonesia are ahead of India on this count

Prime Minister on November 8 announced that Rs 500 and Rs 1,000 won't be legal tender anymore. It was done to curb black money. Ever since, people have flocked to  banks to get their old currency exchanged. 

Data reveals Indians settle maximum number of transactions in cash. 

We bring you the data of transactions and currency distribution.
 

image
Business Standard
177 22

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