Trade has come to a standstill

The travel market has come to a standstill after the scrapping of the 500 and 1000 currency bills, says Guldeep Singh Sahni, President, OTOAI. “Most of our dealings usually happen in cash as not many people use credit cards. However, ever since the announcement, we are not accepting cash from anyone. People can buy the ticket from airport, but not from the travel agent. When a travel agent starts the booking for a tour, there is some advance needed. We can’t take that from the client as of now, and I think this would continue till things become normal, with the new currency flowing in the market,” he added.