• Sunday, December 04, 2022


India ATM reset to take weeks, says Jaitley

People have been queuing up to exchange their high denomination currency notes

By: Eastern Eye Staff

INDIA’S cash machines will take several weeks to reset with new bills, India’s finance minister said today (November 12), as public anger mounted over a decision to pull the highest denomination notes from circulation. People queued outside banks for the third day straight, trying to replace 500 ($7.50) and 1,000 rupee notes after Prime Minister Narendra Modi announced they would no longer be legal tender in a blitz against corruption and tax evasion. Scores of India’s ATMs were shut yesterday (November 11) and the ones that worked quickly ran dry as hundreds of thousands thronged to them. Finance minister Arun…

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