Indian Finance Minister Arun Jaitley says “honest people” have no need to worry about a decision to scrap 1,000 and 500 rupee notes.
The move came on Tuesday night following the crackdown on corruption and illegal cash holdings.
However the announcement was met with shock in India.
The most affected are likely to be small traders, vendors and labourers but newspapers were quick to point out that India’s wedding season, due to start in a few days, will also be hit hard.
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