Event:
India's central bank states that domestic credit cards must complete extra validation when used to buy local goods or services; some businesses have avoided the rule by using foreign payment systems, resulting in cash flows out of the country
More Notable Events on August 23:
1990 U.S. begins call up of 46,000 reservists to the Persian Gulf
1973 Intelsat communications satellite launched
1968 Ringo quits Beatles over a disagreement, temporarily
1839 British capture Hong Kong from China
1821 Mexico declares independence
