In this article for Acting-Man, I continue my analysis of India’s demonetization and the chaos that spread across the country after the currency ban.

The ban on 500- and 1,000-rupee notes has frozen daily life, crippled small businesses, and thrown ordinary Indians into bank queues, uncertainty, and fear. As trust in cash and banking deteriorates, people are turning to gold, silver, foreign currency, and anything else that might preserve value outside the reach of arbitrary state power.

Read the archived article at Acting-Man via the Wayback Machine →