On May 19, the Reserve Bank of India announced that it was pulling out of circulation the country’s highest denomination currency, the 2,000 rupee note (worth $24.27 at today’s exchange rate). Unlike ...
Indians awakened to confusion Wednesday as banks and ATMs remained closed after the government withdrew the highest-denomination currency notes overnight to halt money laundering in a country where ...
Dec 8 (Reuters) - Indian prime minister Narendra Modi announced a shock move on Nov. 8 to ditch 500 and 1,000 rupee notes - worth a combined $256 billion - that he said were fuelling corruption, being ...
(Bloomberg) -- India is withdrawing its highest value currency note from circulation, giving consumers and businesses a four-month deadline to exchange or deposit the legal tender, a move reminiscent ...
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Fact check: Are old 500-1000 rupee notes still being exchanged? Don't get caught in the trap of a fraudulent gang.
Fact Check: 5 Can the old, discontinued 500-rupee and 1,000-rupee notes still be exchanged? Is the RBI still exchanging these old, discontinued notes? This question has become relevant because on ...
The move to retire 2,000-rupee notes, worth $24, has triggered bad memories of a similar campaign in 2016. It has also left some businesses short of change. By Sameer Yasir and Mike Ives Sameer Yasir ...
On the same day Americans elected Donald Trump to power, Indian Prime Minister Narendra Modi made a surprise announcement: 500 and 1,000 rupee notes (86 percent of Indian currency in... The Indian ...
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