{"id":42775,"date":"2021-12-09T12:52:34","date_gmt":"2021-12-09T07:22:34","guid":{"rendered":"http:\/\/traveltriangle.com\/blog\/?p=42775"},"modified":"2021-12-09T12:55:25","modified_gmt":"2021-12-09T07:25:25","slug":"foreign-exchange-post-demonetisation","status":"publish","type":"post","link":"https:\/\/traveltriangle.com\/blog\/foreign-exchange-post-demonetisation\/","title":{"rendered":"Foreign Exchange Post Demonetisation: Tips For A Hassle-free Trip Abroad"},"content":{"rendered":"

When the currency denominations of INR 500 & INR 1000 ceased to be legal tenders on 9th November 2016<\/strong>, people started debating on the ideation & implementation of demonetization. The surprise move taken by the Ministry of Finance<\/strong>, RBI<\/strong>, and Honorable Prime Minister Narendra Modi<\/strong> is an attempt fight the problem of black money<\/strong>, counterfeit currency<\/strong>, and corruption<\/strong>. However, Indians planning an international trip started facing difficulty in exchanging the Indian currency against that of foreign nations.<\/p>\n

Let us look at problems that you might face while exchanging currency post demonetisation before moving on to the tips to make traveling abroad hassle-free for Indians.<\/em><\/strong><\/p>\n

The Main Problem<\/h2>\n
\"India<\/div>\n

Image Source<\/a><\/p>\n

The impact of demonetisation of old INR 500 and INR 1,000 bills can be felt even abroad. The operations of foreign exchange post demonetisation have not been very user friendly. Shop owners, restaurants, and cab drivers who previously accepted the Indian currency don\u2019t want to even touch it. And it is not the old Indian currency that we are talking about, but the new INR 2,000<\/strong> and INR 500<\/strong> bills. Even local vendors who deal in foreign exchange are not accepting the Indian currency.<\/p>\n

And then there is a limit on the foreign currency that can be carried outside India in cash. But that doesn\u2019t mean that one stops traveling abroad. Does it?<\/p>\n

With the myriad ways to carry foreign currency, traveling abroad may not actually be difficult.<\/em><\/strong><\/p>\n

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