India

Millions Scramble After India Scraps Its Largest Banknotes

The logo of the Reserve Bank of India is seen on the gate of it's headquarters in Mumbai, India, Wednesday, Nov.9, 2016. Indians awoke to confusion Wednesday after the government withdrew the highest-denomination currency notes overnight to halt money laundering in a country where many in the poor and middle-class still make day-to-day transactions in cash. (AP Photo/Rajanish Kakade)
The logo of the Reserve Bank of India is seen on the gate of it's headquarters in Mumbai, India, Wednesday, Nov.9, 2016. Indians awoke to confusion Wednesday after the government withdrew the highest-denomination currency notes overnight to halt money laundering in a country where many in the poor and middle-class still make day-to-day transactions in cash. (AP Photo/Rajanish Kakade)

NEW DELHI—Indians awakened to confusion Wednesday as banks and ATMs remained closed after the government withdrew the highest-denomination currency notes overnight to halt money laundering...




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