At midnight on Tuesday 8th November, India announced 500 and 1,000 rupee notes would no longer be accepted in shops and would be taken out of circulation, in an effort to tackle ‘black money’ and counterfeit notes. The notes represent 86% of cash in circulation and will become worthless at the end of the year. The move has resulted in huge queues at ATMs across the country and the cash-based economy is wheezing to a halt. Travellers have been caught in this, causing disruption to their trips.

The FCO has issued advice – click through here to read it. 

From the BBC

Tourists struggling to find cash in India

On Tuesday night, 500 (£6) and 1,000 rupee (£12) notes were removed from public circulation as part of a crackdown on corruption and illegal cash holdings.

This has led to millions queuing up outside banks across India to exchange their old notes for new 500 and 2,000 rupee (£24) ones and machines running out of cash.

Please click here to read more.

From the Indian Express

Demonetisation: Foreign tourists facing problems due to lack of awareness

Yesterday, foreign tourists visiting Taj Mahal in Agra, Uttar Pradesh, were caught off guard as ticket counters refused to accept their 500 and 1,000 rupee notes, and groups of foreigners were seen chipping in with change to buy tickets.

“I cannot buy a ticket because the ticket counter told me that 500 rupee and 1,000 rupee notes do not work here. I don’t know how, but I cannot find a way in India”, said a Chinese tourist.

Please click here to read more.

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