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The withdrawal of Rs.500 and Rs.1000 notes as legal tender by the Indian Government has been marred by claims and counter claims about the objectives and the impact. Saurabh Chandra, Anupam Manur and Hamsini Hariharan try to break down the events of the past week and the possible impact. Further reading/additional resources: 1. http://www.thehindu.com/thread/economy/article9328898.ece 2. http://www.mayin.org/ajayshah/MEDIA/2016/monetary_shock.html 3. https://www.thequint.com/india/2016/11/11/narendra-modi-notes-ban-rs-500-1000-consequences-corruption-real-estate-tax-gold-banking-black-money-swiss-banks 4. http://factordaily.com/rs-1000-rs-500-notes-scrapped-analysis-what-it-means/ 5. http://noenthuda.com/blog/2016/11/13/moving-towards-a-cashless-economy/ 6. http://rq.nationalinterest.in/2016/11/the-velocity-of-scarce-money/ External Audio used in this podcast: Background Music: Cool Ride. Cool Ride by Audionautix is licensed under a Creative Commons Attribution license (creativecommons.org/licenses/by/4.0/) Artist: audionautix.com/ Image used in this podcast: Indian currency note CC.0 license https://pixabay.com/en/rupees-money-indian-currency-note-435450/