Latest update: Summary - existing 500 and 1,000 Rupee banknotes are being withdrawn from immediate circulation; from 10 November to 30 December 2016, banks will exchange these notes for lower denominations; if you’re exchanging money at a bank, take photo ID and expect long queues; new 500 and 2,000 rupee notes will be issued to replace the withdrawn notes; until then, if you’re exchanging money don’t accept any denomination higher than 100 rupees
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