We’re going to be live on Facebook at 9.30 a.m. India time Monday discussing India’s ongoing cash crunch and want your questions.
The government’s crackdown on the hoarding of notes has left many Indians hungry for cash, and some with sackfuls of large bills they are unable to spend or deposit. Others have found inventive ways to get around the shortage.
The Journal has been reporting on how Prime Minister Narendra Modi’s decision to replace old 500-rupee ($7.27) and 1,000-rupee ($14.54) notes, which made up 86.4% of the country’s circulating currency two weeks ago, with new bills will affect its economy, banks, food supply and more.
South Asia Deputy Bureau Chief Eric Bellman will be live on Facebook at 9.30 a.m. India time Monday (11 p.m. EST Sunday), to discuss the move with reporter Newley Purnell and take questions.
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