Re:India's demonetisation of Rs. 500 and Rs. 1000 notes
by amzpix on Tuesday November 08, 2016 @11:46AM
(#12901717)
The highest denomination note of INR 1,000 is worth about USD 15.
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Re:India's demonetisation of Rs. 500 and Rs. 1000 notes
by tgokh on Tuesday November 08, 2016 @11:53AM
(#12901790)
And they'll be introducing a new Rs. 2000 note, worth about $30
Re:India's demonetisation of Rs. 500 and Rs. 1000 notes
by Retric on Tuesday November 08, 2016 @11:55AM
(#12901816)
> "but the Rs 1000 note was just worth $15USD"
So, I think he agrees with you and is just pointing out without the 500 or 1000 note's the 100 is only worth $1.5USD.
Re:India's demonetisation of Rs. 500 and Rs. 1000 notes
by 7Z7 on Tuesday November 08, 2016 @12:42PM
(#12902273)
Maybe I'm misunderstanding, but there is no "without". The new Rs 500 and Rs 2000 notes will cover the difference.
Re:India's demonetisation of Rs. 500 and Rs. 1000 notes
by Retric on Tuesday November 08, 2016 @01:17PM
(#12902575)
The new bills have yet to hit the streets, and the old bills don't count as long term stores of value. So, for a little while India is arguably 'without' Rs 500 and Rs 2000 notes.
Basically, they are no longer bills but checks with expiration dates.