Additionally, the current high value bearer cheques ( Z $ 200, 000 ) would be demonetised as of 1 January 2008.
22.
Between November 10 and November 27, banks reported exchange and deposits of demonetised banknotes worth ( exchange of and deposits of ).
23.
Three denominations of the 2008 series remained legal tender at the ratio of 10 10 to 1 until being demonetised on 31 December 2008.
24.
This time, the old notes were not demonetised, but simply allowed to fall into disuse through inflation as well as wear and tear.
25.
The pre-decimalisation sixpence, also known as a sixpenny bit or sixpenny piece, was equivalent to p, but was demonetised in 1980.
26.
In 1975, the then government led by Prime Minister Indira Gandhi demonetised all 1, 000 currency notes in an effort to curtail black money.
27.
This applies to all demonetised or withdrawn currency, however such currency need not be accepted by money changers as this is no longer legal tender.
28.
The Janata government tried to curb forgery and black money in India by demonetising notes of 1000, 5000 and 10000 Rupees on 16 January 1978.
29.
Income Tax departments raided various illegal tax-evasive businesses in Delhi, Mumbai, Chandigarh, Ludhiana and other cities that traded with demonetised currency.
30.
The Finance Ministry instructed all revenue intelligence agencies to join the crackdown on forex traders, hawala operators and jewellers besides tracking movement of demonetised currency notes.
