ARUN SANKAR/AFP through Getty Images

ARUN SANKAR/AFP through Getty Images

More and extra international locations all over the world are transferring away from money. India’s latest announcement that it will do away with its highest denomination invoice brings again memories of a disastrous experiment to invalidate most of its currency in 2016. But is the nation prepared for a world with much less money? And what can the remainder of the world be taught from its experiment.

Today, we inform India’s demonetization story and take a look at the drawbacks of a totally cashless society.

Music by Drop Electric. Find us: Facebook / Newsletter.

Subscribe to our present on Apple Podcasts, Spotify, Pocket Casts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ through Apple Podcasts or at plus.npr.org.