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The highest denomination note of INR 1,000 is worth about USD 15.
by amzpix 10y ago
The highest denomination note of INR 1,000 is worth about USD 15.
- tgokh 10y agoAnd they'll be introducing a new Rs. 2000 note, worth about $30
- Retric 10y ago> "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.
- 7Z7 10y agoMaybe I'm misunderstanding, but there is no "without". The new Rs 500 and Rs 2000 notes will cover the difference.
- Retric 10y agoThe 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.