Coins of India

Chaos At Banks Continues After ATMs Reopen

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Long queues continue outside banks and several ATMs have run out of cash in India, three days after 500 ($7) and 1,000 rupee notes were withdrawn as part of anti-corruption measures. The BBC visited many ATMs of big banks in Delhi and Mumbai but found them either shut or not dispensing cash. ATMs opened at … Read more

Anxious Indians Swap Banned Banknotes

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People have queued up outside banks across India to exchange 500 and 1,000 rupee notes after they were withdrawn as part of anti-corruption measures. Indians will be able to exchange their old notes, which stopped being legal tender at midnight on Tuesday, for new ones at banks until 30 December. The surprise move is part … Read more