Indian Currency Crashes To Record Low As Cash Exchange Of Old Notes Suspended…(Think This Will Be Here?!)
by Tyler Durden
ZeroHedge.com
Nov 24, 2016
It appears the social unrest, economic collapse, and currency crisis sparked by Indian PM Modi’s decision to demonetize “corrupt” high-denomination bank-notes was not enough. As the Rupee crashed to a record low overnight, officials announced a suspension of the exchange of ‘old notes’ as of tomorrow to, in their words, “encourage people to deposit old notes in their bank accounts.”
The Rest…HERE
