India's demonetisation of Rs. 500 and Rs. 1000 notes

Re:India's demonetisation of Rs. 500 and Rs. 1000 notes by shubhamjain on Tuesday November 08, 2016 @11:16AM (#12901414)

I am not sure how that will work out if the denomination itself has been declared illegitimate. Why would anyone accept 'black money' of any kind if he can't spend it elsewhere?

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Re:India's demonetisation of Rs. 500 and Rs. 1000 notes by billy8988 on Tuesday November 08, 2016 @11:18AM (#12901440)

If you are in the low income bracket or a farmer, you can accept the money and deposit in the bank without any ramifications. All this will happen before the deadline.

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Re:India's demonetisation of Rs. 500 and Rs. 1000 notes by hesarenu on Tuesday November 08, 2016 @11:29AM (#12901551)

hmm so the blank money hoarders would buy flats from low income bracket and framers?

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