Legal tender with its own rial in 1970. On 8 November 2016, Prime Minister Narendra Modi announced that existing INR 500 and INR 1000 banknotes would no longer be accepted as legal tender with a view to curb counterfeiting, tax evasion and the parallel economy. The Reserve Bank of India outlined a scheme for holders of such banknotes to either deposit them into their bank accounts for full, unlimited value, or to exchange the banknotes for new, subject to a cap. New Zealand has a complex history of legal tender. English law applied, as applicable to local circumstances, from either 6 January
Bank of England £5 note this issue, this is unacceptable to vegans, vegetarians, Muslims, Hindus, Sikhs, Jains, Jews and other groups in the UK, and one Cambridge cafe boycotted the new note. The note's manufacturer, Innovia Security, was looking into changing the recipe for the polymer used, so as to contain no animal products, which are added to polymer pellets at an early stage of production. However, on 10 August 2017 the Bank of England announced that all future notes, including future £5 note prints would continue the use of traces of tallow. Sources from the Bank of England: The series G (polymer) note is