One month after demonetisation

By Abhijit Menon-Sen <ams@toroid.org>

2016-12-13

A little over a month ago, our Glorious Leader eliminated corruption, black money, terrorism, and poor people in one bold and innovative move by declaring most of the currency in circulation to not be legal tender.

We are fortunate that we can get by without much cash in hand. We eat mostly what we grow, or is grown nearby in the village, and what few additional expenses we have (e.g., milk) have so far been met by the ten— and twenty-rupee notes we had collected to save time by paying exact tolls on the highway.

Our one visit to the nearest bank yielded a two-thousand rupee note and a bag of coins each—the most the branch could spare per person, given that they've received no cash for several days.

In Delhi, Ammu is not so lucky. Her landlord demands the rent in cash, and in exam season, she has had to stand in queue for several hours at an ATM to withdraw a quarter of her rent (which is the maximum one can withdraw in a day). Strangely, the vegetable and fruit sellers in her locality do not accept digital payments yet.

I was looking forward to hearing what the Supreme Court of India had to say about demonetisation, but they haven't said much, because they're busy with matters of real importance to the nation, like how often the national anthem should be played and how straight one should stand to properly demonstrate one's “constitutional patriotism”.