Regulations and Government
India's Counterfeit Money Crackdown Affecting Bizav Ops
Shortage of the new currency is creating problems for business aircraft operators, who have traditionally done aviation services transactions in cash.

India’s replacement of all Rs500 and Rs1,000 notes in an attempt to curb counterfeit and “black” illicit money is negatively affecting business aviation in the country. A shortage of the new currency since last month's announcement by Prime Minister Narendra Modi is creating problems for business aircraft operators, who have traditionally conducted certain aviation services transactions in cash in India.


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