#AceNewsReport – Nov.12:We reported on the currency being changed due to high volume of black money and corruption on AceFinanceNews.WordPress.Com on #AFNews – INDIA: PM Modi Abolishes 500 and 1,000 Rupee Notes in effort to prevent corruption in the country of ‘ Black Money ‘ now the amnesty is over – @AceFinanceNews
// Ace Finance & Markets News
Now on Saturday Indias Largest Bank Gets $7 Billion in Deposits as ATMs Run Dry and they have not calibrated their machines to accept the new currency notes ..
Indians rushed to deposit478.68 billion rupees ($7.1 billion) of cash at State Bank of India after the governments surprise move to abolish high-denomination banknotes, as customers queued for hours to deposit or exchange the old bills and ATMs ran dry – Bloomberg
Though India’s finance minister says India is not recaliberated to handle new currency notes for secrecy reasons – Reuters
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