“Indians have deposited nearly all the currency bills voided by Prime Minister Narendra Modi, denting the central bank’s profit and dealing a blow to his drive to unearth unaccounted wealth.  The cash ban prompted the central bank to print new currency, reducing its profit and cutting annual dividend payout to the government by half.”

Read more: https://www.bloomberg.com/news/articles/2017-08-30/india-central-bank-spends-record-amount-to-replace-void-notes

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