Going to be buried by the main event but worth a mention
Every 10 and 20 dollar note in the entire country will be cancelled as legal tender tonight, and be void and valueless by 30 December 2016 (kinda thing)
India scraps 500 and 1,000 rupee bank notes overnight
Indian Prime Minister Narendra Modi has announced that the 500 ($7.60) and 1,000 rupee banknotes will be withdrawn from the financial system overnight.
The surprise move is part of a crackdown on corruption and illegal cash holdings, he said in a TV address.
Banks will be closed on Wednesday and ATM machines will not be working.
India is overwhelmingly a cash economy. New 500 and 2,000 rupee denomination notes will be issued to replace those removed from circulation.
"Black money and corruption are the biggest obstacles in eradicating poverty," Mr Modi said.
People will be able to exchange their old notes for new ones at banks over the next 50 days but they will no longer be legal tender.
http://www.bbc.co.uk/news/business-37906742