[Retric]

> "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]

Maybe I'm misunderstanding, but there is no "without". The new Rs 500 and Rs 2000 notes will cover the difference.

[Retric]

The 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.

[asenna]

The new bills will start circulating in 2 days.

[Retric]

Yep, but even tomorrow is not today.