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But then again, by definition those are not the people who are hurt the worst, because they have bank accounts.
by danparsonson 10y ago
But then again, by definition those are not the people who are hurt the worst, because they have bank accounts.
- swatkat 10y agoYou don't need a bank account to exchange demonetized currency notes.
- Manishearth 10y agoYou need ID, though. See https://news.ycombinator.com/item?id=12947147 https://news.ycombinator.com/item?id=12947147 You need a bank account for this process to be convenient and easy. Without it you have to exchange in bits and pieces.
- danparsonson 10y agoNo, but having a bank account and therefore a payment card a) gives you another means of paying for things besides cash, and b) likely means that you don't have your life savings in the form of now-invalid currency.