Question
What does the term currency include as per the
definition given under FEMA?ĀSolution
Section 2 Definitions: (h) ācurrencyā includes all currency notes, postalĀ notes, postal orders, money orders, cheques, drafts, travellers cheques, letters of credit, bills of exchange and promissory notes, credit cards or such other similar instruments, as may be notified by the Reserve Bank.
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