9.3
8.539 reviews
English
EN
Exchange offices in India no longer accept the 100 Australian dollar banknotes, according to the Australian news site News.com.au. Several tourists report that there is nowhere they can exchange the largest note for Indian rupees, even though the money is just legal tender. The Australian embassy in New Delhi had already received several complaints from tourists who could not exchange their money, but they said they could not do anything because the rumors could not be confirmed.
Indians have become extra alert for cash, after the government declared all 500 and 1,000 rupee notes invalid in November. Everyone had to return the money to the bank before the end of the year, while the replacement banknotes still had to be printed. Because this traumatic experience is still fresh in people's minds, exchange offices no longer want to accept the 100 Australian dollar note. In fact, there areRumors that this note will also disappear from circulation.
Recently, a committee was appointed in Australia to investigate the extent to which the 100 Australian dollar note is used for tax evasion and criminal money flows. The results of this investigation will be published later this year, but the exchange offices in India do not want to wait for that. Uncertainty about the continued existence of Australia's largest banknote is reason enough not to accept it.
The Australian embassy advised tourists to use Western Union. The embassy initially did not want to release an official statement, because it would be rumors.
At the Australian Ministry of Foreign Affairs, they were already aware of the problems with exchanging the largest banknote. They did take action and released an official statement that the government of Australia has no plans to withdraw the $100 note from circulation and that it will remain legal tender. She then instructed the embassy in India to inform the local population about the validity of the $100 note.
Australian $100 notes are not accepted in India
