November 09, 2016 BY Valentina Kirilova

India replaces its largest bank notes with immediate effect

Country plans to fight counterfeiting by replacing old bills with new 500- and 2,000-rupee notes In a swift move, Indian Government demonetized High Denomination currency with immediate effect. The move encourages citizens to get digitally empowered and go for cashless transactions. The new 500- and 2,000-rupee notes, worth around $7.50 and $30 respectively, will begin…

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