Currency ban: Indian Embassy to take up NRI’s concerns to MEA

The Indian Embassy in Abu Dhabi will take up Indian expatriates’ concerns about exchanging invalid Indian rupee notes with them following the withdrawal of Rs 500 and Rs1,000 notes from circulation since last Tuesday night, a senior official told Gulf News on Monday.

“Along with the appreciations of the government’s decision, we receive many enquiries from Indians here. Many people asked whether the embassy can open a counter to accept the invalid notes, which is not possible,” said Neeta Bhushan, chargé d’affaires at the embassy.

Asked the expatriates’ concerns about not having a mechanism here to get the invalid notes exchanged and demands for extension of the December 30 deadline for Non-Resident Indians (NRIs), she said: “The embassy will take up these concerns with the Indian Ministry of External Affairs. We expect a positive outcome.”

No need to panic at all

The official assured that there was no need to panic at all. The prime minister has assured the nation that all steps would be taken to protect the people’s interests, she said.

People can exchange the invalid notes until December 30 from banks in India and until March 31 from Reserve Bank offices. More helpful measures may come up in the coming days, Bhushan said.

Meanwhile, the UAE Exchange said it was flooded with customers following a social media rumour that suggested it was accepting the invalid Indian rupee notes.

Sudhir Shetty, the president of the UAE Exchange, told Gulf News that the company does not have the stock of Indian rupees in the denominations Rs100 and Rs50. “We, like all other exchanges, have exhausted the stock. We are waiting for the new rupee notes to come,” he said.


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