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India discontinues ₹500, ₹1000 denominations; releases ₹2000 and new ₹500 bills
On Wednesday, India demonetised ₹500 (about US$7.50) and ₹1000 notes, announced as a measure to fight corruption, fake notes, and black money. Prime Minister Narendra Modi addressed the Indian citizens late Tuesday, and said 500 and 1000 rupee notes wo...