Thursday, November 10, 2016

500 and 1000 Rupee Notes Withdrawn from Circulation

On 8 November the Indian Prime Minister made the surprise announcement that existing 500 and 1,000 rupee banknotes will be withdrawn from circulation with immediate effect.  We understand this is because there are a large number of counterfeit notes of these two amounts.  New 500 and 2,000 rupee notes will be issued to replace the withdrawn notes.  Arrangements will be made at international airports for foreign tourists who will be able to change up to 5,000 rupees of the withdrawn notes.  We recommend that in the short term when exchanging money you do not accept any denominations higher than 100 rupees. 

For up-to-date information – go to the Foreign and Commonwealth Office website – Travel Advice:


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