india has abolished the 500 and 1000 rupees notes.

9 Nov

london 11.58am, 12.34pm 7.3C

this is so unusual that i thought it was a mistake. i first read it in a blog in wordpress, but googled it and found a news item that confirms it. i have never heard of this happening to any other country before. without any notice. we can see it is to solve the black market hoarding of cash. many of them will be left with trying to change huge amounts of money and will find it hard to account for it. the notes to be abolished are equivalent to £5 and £10 notes. £1=82.62rupees

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