Why Indians In Gulf Are Having A Tough Time Over Rs 2,000 Notes
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The RBI said it had asked banks to stop issuing Rs 2,000 notes with immediate effect.Dubai: Several Indians in the Gulf nations are having a harrowing time ever since the Indian government decided to withdraw the Rs 2,000 notes from circulation, with a lot of them saying that the banking institutions in the region are claiming to be not aware of the policy change.On May 19, the Reserve Bank of India (RBI) made a surprise announcement of the withdrawal of Rs 2,000 currency notes but gave the public time till September 30 to either deposit the Rs 2,000 notes in accounts or exchange them at banks.The RBI said it had asked banks to stop issuing Rs 2,000 notes with immediate effect.In the UAE, Indians are facing a tough time getting Rs 2,000 notes exchanged.Among many is Firoza Sheikh ...