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A comment on India's demonetisation of Rs. 500 and Rs. 1000 notes. Parent comment

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.

[ Parent | on HN ]
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.
[ Parent | on HN ]
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.

[ Parent | on HN ]
Re:India's demonetisation of Rs. 500 and Rs. 1000 notes by asenna on Tuesday November 08, 2016 @02:08PM (#12903018)
The new bills will start circulating in 2 days.
[ Parent | on HN ]
Re:India's demonetisation of Rs. 500 and Rs. 1000 notes by Retric on Tuesday November 08, 2016 @02:16PM (#12903085)
Yep, but even tomorrow is not today.
[ Parent | on HN ]