• Thursday, December 08, 2022

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Indians in Britain with old currency notes seek solutions

A bank officer helps a man withdrawing Indian rupee banknotes at a mobile ATM van on the outskirts of Kolkata

By: Eastern Eye Staff

The ban on Rs500 and Rs1,000 notes in India has sparked “panic” among the community in Britain, who are rushing to exchange their cash. Indians in the UK are making emergency trips to their homeland to change their money before the December 30 deadline as British banks are unable to handle the notes. Prime minister Narendra Modi has given Indians until the end of next month to exchange them as part of a drive against so-called “black money” or unaccounted wealth. But people are only allowed to carry up to Rs25,000 when entering or leaving the country, which could impact…

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