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The second set of issues, he said, was related to NRIs having cash, or those holding Indian currency abroad. “If somebody has money abroad, and is not travelling to India immediately, what happens? How does he get new notes for those old notes?”
“The third set of issues is by the money changer associations abroad. This is quite interesting because we don’t have full convertibility…So, they have asked us the same question that what they would do with the stacks they have. How do they convert those?,” the spokesperson added.
According to the ministry, foreign visitors and tourists, particularly those coming for medical tourism, had asked MEA about some very specific requirements which needed to be looked into.
(Sourced from agencies, feature image courtesy:oneindia.com)
