India’s bold move to invalidate much of its cash and issue new bills to fill the void within two weeks may have come at a cost.
The newly issued Rs 500 bills are losing color when they are washed, according to reports. Some people are advising to not leave any bills in their pockets before handing them out to laundry as a brief encounter with water and detergent is suffice to turn them look like counterfeits.
It's worth pointing out that other currency notes in India are able to withstand several washes. It is not known right now how these notes will cope up with rains. Read more...
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