Indian government’s demonetisation move has affected all and sundry and the latest to feel an impact of it are foreign teams, participating in the men’s Junior Hockey World Cup.
The Narendra Modi-led Indian government had banned Rs 500 and Rs 1000 notes last month in a bid to counter black money, corruption, fake currency and terrorism.
But the countrymen as well as foreigners travelling to India have been facing problems because of shortage of cash in banks and ATMs.
Germany coach Valentin Altenburg, who has been a regular visitor to India as coach of the German senior side and also as coach of Mumbai franchise in Hockey India League, said they were troubled by the cash crunch in India.
“We had problems initially. We had to find banks where we could change our currency. It was difficult for us to get money or exchange our currency. We managed to find a bank and get some legal currency but it was not adequate,” Altenburg told PTI.
(With inputs from PTI)