Wednesday witnessed chaos and shortage of hundred rupees and lesser denomination notes. Shops welcomed customers with a warning that they would not accept the banned denomination notes. Sudden death for Rs500 and 1000 currency notes offered mega opportunity for private money changers in many parts of Kerala. Jewellery shops in Kerala too had a dry Wednesday as most of their customers could not purchase gold with lesser denomination currency notes. Hawala money is one form of black money in Kerala with criminal nexus.

Source: India Today November 10, 2016 08:20 UTC