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World

Anger mounts in India after currency swap shock

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Opening sequence

World

Anger mounts in India after currency swap shock

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COMING UP:Anger mounts in India after currency swap shock

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00:00:01
>> Chaos and anger mounting in India, huge queues forming outside banks for a third day on Saturday. Hundreds of thousands hoping to swap their old currency for new after the government abolished 501,000 rupee notes. A shock measure, aimed at exposing tax evasion. Cash machines running out of money, and banks struggling to cope with he crowds.
00:00:25
Prime Minister Modi, defending his decision, as part of a much-needed anti-corruption drive. That's little consolation to Sheri Belama a Mumbai resident.>>
FOREIGN]
> Now, millions risk running out of cash. The bills abolished make up 80% of the money in circulation. And the swap threatens to paralyze the cash driven economy.
00:00:47
>>