Following the concerns of numerous constituents, Keith met with the Acting High Commissioner for India Dinesh K. Patnaik to discuss the decision by Prime Minister Modi to withdraw the 500 and 1,000 rupee banknotes from the financial system.
British citizens of Indian origin are concerned that they will not be able to return to India before the deadline of 30th December 2016 to exchange and bank their old rupee notes. For many, the price of returning to India before this date would exceed the value of the currency they would be returning to the country to bank.
In order to avoid these issues Keith discussed with the Acting Deputy High Commissioner the possibility of extending the deadline for exchanging currency for those living overseas and whether Indian banks in the UK would be able to accept the outdated rupee notes.
Keith has written to the Indian Prime Minister, Narendra Modi, on behalf of his constituents to request the implementation of these policies.