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White Collar Journal (December 2016)


In a move to curb widespread accumulation of unaccounted wealth and circulation of fake Indian currency, the Government abruptly cancelled the legal tender of high denomination currency notes of INR 500 (approx. US $ 7.7) and INR 1000 (approx. US $ 15.4) issued by the Reserve Bank of India (“RBI”) and in circulation in the Indian economy.;

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