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India escalates global war on cash by banning the 500 and 1,000 rupee notes

Monday, November 14, 2016 22:43
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Queues of angry, panicked Indians wound around bank buildings in Mumbai, the financial capital, on Thursday morning, two days after the prime minister, Narendra Modi, announced that 500- and 1,000-rupee notes, worth around £6 and £12, would be taken out of circulation. In a televised announcement on Tuesday night, Modi had urged Indians not to …

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