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International passengers can exchange banned notes up to Rs 5,000

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International passengers can exchange banned notes up to Rs 5,000
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New Delhi: Passengers arriving or departing from international airports will be allowed to exchange the banned Rs 500/Rs 1,000 notes up to Rs 5,000 value in new notes or other legal tender.

The announcement came even as the government banned Rs 500/Rs 1,000 notes from midnight Tuesday -- a decision announced by Prime Minister Narendra Modi in a nationally televised address.

Foreign tourists would also be able to exchange old notes of up to Rs 5,000.

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