India struggles as millions throng banks to swap currency
NEW DELHI — India’s government said Tuesday it will use indelible ink to mark the fingers of people swapping scrapped currency notes at banks as authorities struggle to deal with the bedlam caused by the sudden demonetizing of the country’s highest-denomination bills.
India announced a week ago that it was withdrawing 500 and 1,000 rupee notes as legal tender to fight corruption and tax evasion. However, people are allowed a onetime swap of 4,000 rupees ($59) at any bank in exchange for smaller notes to meet immediate needs.