India rupees: Chaos at banks after demonetisation

by

Millions of Indians are waiting in long queues to exchange bank notes which are being withdrawn from circulation.
Under a demonetisation plan, two commonly used notes – Rs1,000- and Rs500 – will no longer be in circulation and have to be exchanged by the end of the year.
The surprise government announcement, which came two days ago, is aimed at tackling corruption and tax evasion.
Al Jazeera’s Victoria Gatenby explains.

Subscribe to our channel http://bit.ly/AJSubscribe
Follow us on Twitter https://twitter.com/AJEnglish
Find us on Facebook https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/


Leave a Comment

We don't require your email address, or your name, for anyone to leave a comment. If you do add an email address, you may be notified if there are replies to your comment - we won't use it for any other purpose. Please make respectful comments, which add value, and avoid personal attacks on others. Links are not allowed in comments - 99% of spam comments, attempt to post links. Please describe where people may find additional information - for example "visit the UN website" or "search Google for..." rather than posting a link. Comments failing to adhere to these guidelines will not be published.