• Home /
  • Blog / End the continued uncertainty surrounding 500 and 1000 Indian Rupee notes

End the continued uncertainty surrounding 500 and 1000 Indian Rupee notes

We must end the continued uncertainty surrounding 500 and 1000 Indian Rupee notes
Still a month after the announcement of the demonetisation of 500 and 1000 Indian Rupee notes millions of NRIs are living with uncertainty. The stress and strain of not knowing whether families will lose money they can not afford to is causing too much suffering after weeks of delay.
 
Thousands of families have a small amount of currency at home, to save exchanging money at the airport. These are the people that are accidentally being punished. Having a few thousands rupees does not make you a money launderer, and still they are suffering.
 
The Indian Government should authorise large Indian Banks with operations in the UK to open accounts for deposits of Indian Rupees. This money should then be held and made available for withdrawal only in India. This would protect the economy, but still offer freedom to many thousands of Indian Citizens and NRIs not based in India."
 
Virendra Sharma MP

Reactions

Please check your e-mail for a link to activate your account.

The Labour Party will place cookies on your computer to help us make this website better.

Please read this to review the updates about which cookies we use and what information we collect on our site.

To find out more about these cookies, see our privacy notice. Use of this site confirms your acceptance of these cookies.