Indian PM Narendra Modi's bold step to demonetise the high denomination currency notes has sent deep shock waves across the country. After initial inconveniences, people are gradually getting used to it. By and large, people have supported the PM for this much needed & awaited step.
However, what surprises me most is the government's total ignorance & apathy towards the woes of Indian diaspora settled abroad. Neither the finance ministry nor the Reserve Bank of India have clarified as to how the NRIs can exchange or deposit the Indian currency that they hold in foreign countries.
Most of these people invariably possess some Indian currency in high denomination notes abroad. They just cannot go to India to convert them or to deposit in NRO Bank Account there.
The Indian High Commission or the Indian Banks in the UK have refused to help in this matter as they do not have any instructions from the Indian Government.
I hereby request the Hon'ble Indian Prime Minister to look into this matter urgently and help us to deal with the Indian currency that we hold abroad.
Bharat Shah
Harrow
