How Narenda Modi of India plans to wipe out black market money

In one of the most audacious experiments in India’s modern history, Prime Minister Narendra Modi banned the two largest bills — of 500 rupees, or about $7.50, and 1,000 rupees — which account for about 86 percent of the currency in a country where 78 percent of financial transactions are done in cash.

See full story at “http://www.nytimes.com/2016/11/15/world/asia/how-india-plans-to-wipe-out-black-money.html?ref=world