India has abolished its big currency notes to make way for new and visually more appealing currency notes. This is what they look like now. SEE ALSO: India scraps Rs 500, Rs 1,000 notes overnight ...

D. Udaya Kumar of IIT Bombay designed the Indian Rupee symbol in 2009, before which the Indian currency had no graphic ...

Indians can no longer exchange their voided 500- and 1,000-rupee bills for newly minted currency at banks and post offices, ... India Stops Exchanging Big Notes.

On May 19, the Reserve Bank of India announced that it was pulling out of circulation the country’s highest denomination currency, the 2,000 rupee note (worth $24.27 at today’s exchange rate).

The Press Information Bureau (PIB) took to social media and labeled the post as 'Fake', stating that RBI has issued no such ...

Rs 2,000 note was introduced in India in 2016 in a grand announcement which removed other high-value currency notes of Rs 500 (£4.85) and Rs 1,000 (£9.7) from circulation over a period of 50 ...

India industry say shock currency swap painful ... that all 500- and 1,000-rupee notes — worth about $7.50 and $15 ... money menace from the Indian economy is a big positive in ...

First, it affects notes that are in widespread use, being valued at $7.34 and $14.68, respectively. While it might be argued that because India is much poorer than the United States, $15 in India ...

“Despite various steps, we have improved only to 76.” The Reserve Bank of India will issue new currency notes of 2,000 and 500 rupees. A one-time chance to come clean on unaccounted wealth led ...

What if an old ₹5 note lying in your wallet could change your life? Believe it or not, certain rare ₹5 notes are selling for ...

The Indian government’s recent decision to invalidate five-hundred- and one-thousand-rupee notes is a reflection of growing concerns about the widespread circulation of counterfeit currency ...

Although India undertook similar demonetization projects in 1946 and 1978, Modi’s program is recently unmatched in scale and speed. It fits, however, with one of his big endeavors as Prime Minister.