India Currency Crisis: Aussie Tourists Learn Their $100 Notes Are Useless

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AFP

(NEWS.COM.AU) — AUSTRALIAN travellers in India are being unwittingly swept up in the country’s cash crisis.

The government’s shock move to scrap 500 and 1000 rupee notes at the end of 2016 sent Indians scrambling to exchange the currency, with queues forming outside banks across the nation.

Now, as Darwin-based fashion designer Emma Swan Das has discovered, the Australian currency has also been swept up in the chaos.

In the Rajasthan town of Pushkar sourcing fabrics for her business, Ms Swan Das went to exchange money as per usual before hitting the markets on Wednesday.

“I went to many money changers and they all told me that no one is accepting Australian $100 notes,” she told news.com.au.

“As I was unable to change my $100 notes, I had to take out money using my credit card and I was charged 10 per cent by the money changer to do this.”

The reason? Recent reports that the Australian government is considering scrapping the denomination. 

While Revenue and Financial Services Minister Kelly O’Dwyer has flagged a review of the $100 note as part of the government’s crackdown on the cash economy, it is still very much a valid currency — and any change would be announced well in advance.

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Caleb Stephen is a widely-published Christian freelance journalist, columnist and the founder and Editor-In-Chief of The Caleb Report (CalebReport.com). He is based in Adelaide, South Australia. He writes regularly for world-renowned websites such as WorldNetDaily (WND), The Daily Caller, LifeSiteNews, The Times of Israel, The Huffington Post, Jerusalem Post, The San Francisco Post, The Washington Examiner's Red Alert Politics, WeAreChange and Intellihub News. Visit his website CalebStephen.com and follow him on Twitter @CalebSOfficial