Kenya’s demonetisation was unexpectedly orderly

WHEN KENYA announced in June that it would issue new 1,000 shilling ($10) notes and destroy the old ones to fight corruption, many predicted chaos. India’s efforts to do the same by “demonetising” rupees in 2016 led to riots, deaths and a dent in economic growth. Few doubted the need for Kenya to do something: corruption and tax evasion are pervasive.


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Kenya’s demonetisation was unexpectedly orderly

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