Friday, 11 November 2016

India Rupees: Chaos at Banks after Demonetisation

Millions of Indians are waiting in long queues to exchange bank notes which are being withdrawn from circulation.

Under a demonetisation plan, two commonly used notes - Rs1,000- and Rs500 - will no longer be in circulation and have to be exchanged by the end of the year.

The surprise government announcement, which came two days ago, is aimed at tackling corruption and tax evasion.

Al Jazeera's Victoria Gatenby explains.