India Scraps High Currency Notes Overnight to Fight Graft

By THE ASSOCIATED PRESS from NYT World http://www.nytimes.com/aponline/2016/11/08/world/asia/ap-as-india-currency-notes-scrapped.html?partner=IFTTT
via IFTTT India scrapped its highest-denomination currency notes overnight, delivering a blow to black-market money launderers but plunging hundreds of millions of common citizens holding cash savings into fear and uncertainty.