India's rupee crackdown sees money-changers ink-marked

India's rupee crackdown sees money-changers ink-marked
 

India is using indelible ink to ensure people get only one chance to change their big bank notes.
Prime Minister Narendra Modi scrapped 1,000 (£11.8) and 500 notes in a surprise move last week as part of a tax evasion and corruption crackdown.
People have a limited time to exchange the notes for smaller denominations, but will have their fingers marked.
Authorities often use indelible ink to stop people from voting more than once in Indian elections.
People were told they should deposit their high denomination notes in the banks, or could only exchange up to 4,500 rupees, ($65; £52) for... read more

 
16 November 2016 in Business, Views: 33
Source: BBC
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