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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 pravula on Tuesday November 08, 2016 @02:30PM (#12903218)
And India doing it in 1978 (http://www.thehindubusinessline.com/money-and-banking/highva...)
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Re:India's demonetisation of Rs. 500 and Rs. 1000 notes by aub3bhat on Tuesday November 08, 2016 @02:46PM (#12903345)
The difference is in the sheer volume of currency being taken out of / replaced from circulation almost 80% of the value.

https://twitter.com/d_jaishankar/status/796012168873320448

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Re:India's demonetisation of Rs. 500 and Rs. 1000 notes by chaatman on Tuesday November 08, 2016 @06:55PM (#12905071)
>replaced from circulation almost 80% of the value.

Not only replacing 80% of the value, but also added 220 Million bank accounts in a span of 15 months. 2/3 of the US population.

https://www.reddit.com/r/worldnews/comments/5btovy/indian_ru...

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