Thousands protest India currency policy

Several thousand people have demonstrated in a number of Indian cities against the government's ban on two major currency notes.

Thousands of people are demonstrating across India to protest the government's sudden decision to withdraw large-denomination currency from circulation, a move that has caused enormous hardship to millions in the country's predominantly cash-based economy.

But the response to Monday's "day of rage" called by opposition parties was patchy, with the protests only affecting daily life in opposition-ruled states.

Nearly three weeks ago, Prime Minister Narendra Modi announced that 500- and 1,000-rupee notes would become worthless overnight and would be replaced by new currency in a bid to stamp out corruption.

Opposition parties have criticised the move, saying the government mismanaged the currency change and that Modi should address Parliament to explain his decision.


1 min read

Published

Source: AAP



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