(Reuters) - India withdrew the legal tender status of existing 500 rupee and 1,000 rupee bank notes this week in a shock move targeted at cracking down on fake currency and wealth hidden from the tax authorities.
Queues formed as banks reopened after a one-day holiday and people tried to swap their old notes for smaller bills and for new 500 and 2,000 rupee notes, which are being rushed into circulation and are designed to be harder to forge.
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