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Could India be the first country to get rid of cash?
News, Mihir Sharma, Published on 22/07/2016
ยป 'Black money" -- the colloquial name for a vast network of off-the-book cash transactions and unbanked savings -- is one of India's biggest scourges. Amounting to as much as $460 billion (16 trillion baht) a year, bigger than the GDP of Argentina, all that money lies beyond the reach of the tax authorities, creditors and anti-corruption investigators.
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