Cash Crunch as Black money are converted to worthless pieces of paper

  Indian Prime Minister Narendra Modi made good on his election pledge with a shock declaration on Tuesday that so-called high-value currency notes  denominations  of Rs 500 and Rs 1000 would not be legal tender as of midnight that day.   This draconian move affected  £177bn ($223bn) worth of notes, an 86 per cent of rupees…