The war on cash – and especially against high-denomination banknotes – has gathered pace over the past year. It is a campaign in which countries have taken different approaches with differing results, but one which is likely to be continued and spread world-wide.
The global fight against money laundering and financial crime continues unabated, albeit in different and often surprising forms and locations, as three disparate recent events have indicated. And cash, in the form of high-denomination bank notes, is being targeted.
Tensions are rising again between India and Pakistan over violent attacks in Jammu and Kashmir. India and Pakistan have differing views on the role of international mediation in resolving this conflict. But foreign involvement remains essential, and China–US cooperation may be a way forward.