This segment originally aired Nov. 16, 2016 on VICE News Tonight on HBO.
India is in the grip of a cash crisis following the government’s shocking decision to replace high-denomination banknotes last week. The move, designed to flush out counterfeit currency and hidden cash, was announced on Nov. 8. Since then, widespread confusion has gripped the country, as people queue for hours at banks, post offices and ATMs to exchange, withdraw and deposit cash.
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