Indian Prime Minister Narendra Modi has announced that the 500 ($7.60) and 1,000 rupee banknotes will be withdrawn from the financial system overnight.
The surprise move, announced on Tuesday evening, is part of a crackdown on corruption and illegal cash holdings.
Banks will be closed on Wednesday and ATM machines will not be working.
Read the Full Article: Source – BBC News
Time For Truth: (BBC News) – India scraps 500 and 1,000 rupee bank notes overnight