INDIA PULLS 500 AND 1,000 RU­PEE NOTES

The Sun (Malaysia) - - NEWS WITHOUT BORDERS -

NEW DELHI: India Prime Min­is­ter Naren­dra Modi or­dered the with­drawal of 500 and 1,000 ru­pee notes from cir­cu­la­tion Tues­day in a shock an­nounce­ment de­signed to tackle wide­spread cor­rup­tion and tax eva­sion. Modi said while peo­ple could ex­change their old notes for new bills at banks or post of­fices un­til the end of the year, or de­posit them in the bank, they would no longer be le­gal ten­der from mid­night. – AFP

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