It's a great, bold and surprising move by our honorable leader Mr.Modi to scrap the highest denomination Indian rupees to put a control on black money. Now new currency notes will be available on Indian markets. I think, only a few will preserve an expensive 1000 or 500 rupee note for memory and most of us will let it go from our hands (a few may take selfies for memory :)).
Now the currency can be exchanged only through banks and post offices and except at hospitals, petrol bunks and railway bookings, these currencies have value worth just a paper. If you recollect your memory, when did you spend a 500/1000 rupee note for last time to buy something (not petrol, hospital bill and railway ticket). Recollect it quick and post as reply, as our present 500/1000 rupee notes will become a part of our memory soon.
500 and 2000 denominator notes are to return to Indian market with a new face. But I don't know the destiny of a 1000-rupee note.
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|Yes of course. It's a well planned move from PM's side. Nets were already planted deep before he announced 'the shocking information' soon after the closing hours of banks of India. Through this single move, he has proved that he is the strongest PM India has ever produced. I doubt even Nehru can do such a bold attempt. - Sandhya Rani - 3 years ago|
|it's good to know. while watching hindi oldies, we can see big notes. Do you anything about big sized notes of 1960s, or they are just shown for movies? Size of new notes will be reduced. That's why I thought currency of 1960s was different from today. Do you have anything of this kind as your 'memory stock' :)? - Sandhya Rani - 3 years ago|
|Isn't it a bad idea to let of your hands something with the price of antique? haha. After 10 years, a single 500 rupee note may cost more than 10K rupees. - Sandhya Rani - 3 years ago|