NEW DELHI: Fat wads of bank notes move across counters in Old Delhi's gold and diamond district in one of many challenges to six months of Indian government efforts to suffocate the black market.

Cash has been king in the musty narrow streets of Chandni Chowk since the jewelry market was set up by Emperor Shah Jahan in the 17th century. The owners now largely shrug off "demonetizations" by modern day ruler Prime Minister Narendra Modi.

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