{"id":1855,"date":"2016-11-16T01:02:39","date_gmt":"2016-11-16T01:02:39","guid":{"rendered":"http:\/\/asadkarim.co.uk\/?p=1855"},"modified":"2016-11-14T08:37:22","modified_gmt":"2016-11-14T08:37:22","slug":"the-withdrawal-of-legal-tender-character-of-indian-rupee-500-indian-rupee-1000","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=1855","title":{"rendered":"The Withdrawal of Legal Tender Character of Indian Rupee 500 &#038; Indian Rupee 1,000"},"content":{"rendered":"<p>The Indian Central Bank, The Reserve Bank of India has taken a huge step to clean up the economy.<\/p>\n<p><a href=\"https:\/\/www.rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=38520\" target=\"_blank\">https:\/\/www.rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=38520<\/a><\/p>\n<p>On the 8th November, The Reserve Bank of India issued this statement.<\/p>\n<p>&#8220;<strong>This is necessitated to tackle counterfeiting Indian banknotes, to effectively nullify black money hoarded in cash and curb funding of terrorism with fake notes<\/strong>&#8221;<\/p>\n<p>It has effectively sent a message to the world that the Indian Economy is open for business. Black Market Cash is no longer tolerated. This is a huge step for India where cash is the main form of currency that is used.<\/p>\n<p>On thing that this may facilitate is the long term trend to stop using cash and the use of electronic money.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Indian Central Bank, The Reserve Bank of India has taken a huge step to clean up the economy. https:\/\/www.rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=38520 On the 8th November, The Reserve Bank of India issued this statement. &#8220;This is necessitated to tackle counterfeiting Indian banknotes, to effectively nullify black money hoarded in cash and curb funding of terrorism with fake [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1855","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1855"}],"version-history":[{"count":1,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1855\/revisions"}],"predecessor-version":[{"id":1856,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1855\/revisions\/1856"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}