'Money mules' of India's cash crisis - News Summed Up
'Money mules' of India's cash crisis

'Money mules' of India's cash crisis

November 24, 2016 12:13 UTC

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'Money mules' of India's cash crisis


opinion(BBC) The Indian government's surprise decision to ban 500 and 1,000 rupee notes in a crackdown on corruption took 86% of money out of circulation in the largely cash economy. But some enterprising Indians are seeing opportunity amid the cash crisis, reports the BBC's Vikas Pandey. He is one among many of India's "money mules" who have found ways to benefit from the cash crunch. Prime Minister Narendra Modi's surprise announcement has left many people stuck with hoards of now illegal cash, known in India as "black money". I am just making a small amount, rich people are the ones who are crying because their money has become illegal."


Source: Sunday Times November 24, 2016 12:13 UTC



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