Friday, January 31, 2025 | 05:50 PM ISTEN Hindi
Business Standard
Notification Icon
userprofile IconSearch

Are we ready for the political compromises a digital currency may warrant?

It took 300 years for trust in currency to become total and unquestioned, and now digital currency brings with it some new challenges for it

Image
Premium

T C A Srinivasa-Raghavan
The Supreme Court has finally laid to rest the question of whether the decision to demonetise the entire Indian currency was legal or not. It has said it was.

That takes care of the legality part of it. The economics has already been discussed, and no one has been left in any doubt that it was a terrible decision.

However, its politics has been ignored, which is strange for two reasons. One was the timing of the demonetisation decision, just four months before the 2017 UP assembly election. But this is pure speculation, left to politicians and pundits.

The other
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in