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People in India have until the end of Friday to deposit discontinued notes in bank and post office accounts, or risk their money becoming worthless.
One of India's biggest online retailers has started offering the country's most sought-after item...cash.
Indian Prime Minister Narendra Modi's crackdown on the cash economy has shattered the consensus needed for a new national sales tax, plunging his boldest reform into limbo and threatening to entrench an economic slowdown.
Customers damaged furniture at a state-run bank in Uttar Pradesh on Thursday and reports of public anger spilling over emerged from other places as the government struggled to meet the demand for cash on the first payday since the recall of high-value banknotes.
From deploying "cash coolies" to buying Rolex watches, Indians have found unique ways to dodge the government’s surprise move to withdraw high value bills in a bid to tackle widespread corruption and tax evasion.
An Indian bank manager's tale of chaos and the "stench" of hoarded cash is being shared widely on social media, after last week's shock ban.
Indian Prime Minister Narendra Modi's shock ban on high-value banknotes will hit the war chests of his rivals before a key state election next year, sparking accusations that his strike against "black cash" will unfairly boost his party's chances.
India's sudden move of scrapping currency notes of higher denominations to curb the menace of black money seems to be a nightmare for the country's poor and the middle class.
Cash may no longer be king in India.
Japan's Minister of Agriculture, Forestry and Fisheries Hiroshi Moriyama admitted he accepted 200,000 yen (1,955 U.S. dollars) in September last year from the head of the Japan Poultry Association, while working as the ruling Liberal Democratic Party's committee head dealing with the Trans-Pacific Partnership.
Private Chinese firms are braced for another wave of funding difficulties as banks hoard cash to meet regulatory requirements at the end of the year.
China's central bank on Tuesday injected liquidity into markets through six-day reverse repurchase agreements (repos) in an effort to meet rising cash demand during the upcoming week-long holiday.
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