Yeah Im pretty sure this is just a redesign to prevent counterfeiting.
(The US did a redesign of all large bills recently for the same reason, Im sure other countries have as well.)
Topic: India just invalidated its largest bills R1000 and R500 overnight - page 2. (Read 1318 times)
November 08, 2016, 07:11:59 PM
November 08, 2016, 06:17:07 PM
It's big news for this billion people nation. Some might want to transfer part of their wealth into Bitcoin. http://www.financialexpress.com/india-news/live-india-marks-its-presence-as-a-bright-star-in-global-economy-pm-narendra-modi/441332/
...To release new 500 and 2k notes. This is also just to remove counterfeit notes. Nothing to see
November 08, 2016, 05:23:07 PM
It's big news for this billion people nation. Some might want to transfer part of their wealth into Bitcoin. http://www.financialexpress.com/india-news/live-india-marks-its-presence-as-a-bright-star-in-global-economy-pm-narendra-modi/441332/
http://qz.com/830858/why-narendra-modis-move-to-ban-500-and-1000-indian-rupee-notes-is-such-a-big-deal-explained-in-one-chart/
http://qz.com/830858/why-narendra-modis-move-to-ban-500-and-1000-indian-rupee-notes-is-such-a-big-deal-explained-in-one-chart/
Jump to: