Bother more about temperature of money than the color of it
The State Minister for Finance, recently informed Lok Sabha that the government had stopped printing of the currency notes of Rs2000 denomination in 2019 itself. This step has been taken to prevent hoarding of currency and curb the circulation of black money in the economy. It is pertinent to note in this context that Rs2000 denomination notes were introduced in 2016 post cancellation of the then prevalent currency notes of Rs1000 and Rs500 denomination. That step, in the first place, was also apparently taken to curb the circulation of black money in the economy. Besides, the color of money {white, black, pink (Rs2000), green (INRUSD) etc.} which remains an active topic of discussions, the temperature of money is also becoming a topic of interest. Rise in the stock and flow of “hot money” is becoming a worry for authorities. “Hot money” could be loosely defined as the liquid money that flows very fast across asset class and jurisdictions in search of short term trading opportunities...