@Grammatizator Me in Mumbai to someone : I'm from Chennai
Person : Oh yeaaah there's someone from your hometown working here?
Me : Really who?
Person : *Points at a mallu guy who has never been to Chennai"
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@YBriju And for CBDCs and Fiat money coexisting, don't gold and Fiat coexist in different spaces? We've to assume that it's going to be the same with CBDCs, they'd probably be used primarily by institutions to settle within themselves
@YBriju I read somewhere that the monthly online transactions this year have more transaction value than the whole years of 2015-16. At that point you're just trying to simplify things now.
Plus with the fastly exploding mobile-digital phase, it's bound to happen sooner or later
Retail inflation in India right now: 6.3%
Fixed deposit post-tax returns: 4.5%
If your money is in FD (or worse, savings account), you’re literally losing your savings by the day.