India's currency

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India's currency

Owen Densmore
Administrator
Apparently India has suffered a currency crisis.


Does anyone on the list know any details? It seems impossible.

   -- Owen

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Re: India's currency

Owen Densmore
Administrator
Here's what I'm talking about:

On Tuesday night with just four hours' notice, the Government yanked from circulation 500 and 1,000 rupee notes — the equivalent of $10 and $20 respectively.

But I don't trust the initial news feeds, it seem like they're missing something.

   -- Owen

On Fri, Nov 11, 2016 at 8:56 PM, Owen Densmore <[hidden email]> wrote:
Apparently India has suffered a currency crisis.


Does anyone on the list know any details? It seems impossible.

   -- Owen


============================================================
FRIAM Applied Complexity Group listserv
Meets Fridays 9a-11:30 at cafe at St. John's College
to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com
FRIAM-COMIC http://friam-comic.blogspot.com/ by Dr. Strangelove
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Re: India's currency

Tom Johnson
In reply to this post by Owen Densmore

Yeah, reportedly it is trying to remove the "big" bills to make bribes and tax avoidance cash payments more difficult.  Since we will be there in January, I may have something to report then.  The action will also drive credit card tractions of a sort.
TJ

===================================
Tom Johnson - Inst. for Analytic Journalism
Santa Fe, NM
[hidden email]               505-473-9646
===================================


On Nov 11, 2016 8:56 PM, "Owen Densmore" <[hidden email]> wrote:
Apparently India has suffered a currency crisis.


Does anyone on the list know any details? It seems impossible.

   -- Owen

============================================================
FRIAM Applied Complexity Group listserv
Meets Fridays 9a-11:30 at cafe at St. John's College
to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com
FRIAM-COMIC http://friam-comic.blogspot.com/ by Dr. Strangelove

============================================================
FRIAM Applied Complexity Group listserv
Meets Fridays 9a-11:30 at cafe at St. John's College
to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com
FRIAM-COMIC http://friam-comic.blogspot.com/ by Dr. Strangelove
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Re: India's currency

Sudhira H S-2
Hi Owen,

Demonetisation has been effected here in India and this came as 'surprise' by the Prime Minister. There is a bit of crisis but not sheer chaos. Public at large though finding it inconvenient in the short-run have largely welcomed this drastic step that is largely aimed at those who had stashed cash through ill-gotten means. See here for an editorial in a leading and respected newspaper in India, The Hindu. News are trickling about the inconvenience across the nation, but this too shall pass. 

- Sudhira. 

On 12 November 2016 at 10:40, Tom Johnson <[hidden email]> wrote:

Yeah, reportedly it is trying to remove the "big" bills to make bribes and tax avoidance cash payments more difficult.  Since we will be there in January, I may have something to report then.  The action will also drive credit card tractions of a sort.
TJ

===================================
Tom Johnson - Inst. for Analytic Journalism
Santa Fe, NM
[hidden email]               505-473-9646
===================================


On Nov 11, 2016 8:56 PM, "Owen Densmore" <[hidden email]> wrote:
Apparently India has suffered a currency crisis.


Does anyone on the list know any details? It seems impossible.

   -- Owen

============================================================
FRIAM Applied Complexity Group listserv
Meets Fridays 9a-11:30 at cafe at St. John's College
to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com
FRIAM-COMIC http://friam-comic.blogspot.com/ by Dr. Strangelove

============================================================
FRIAM Applied Complexity Group listserv
Meets Fridays 9a-11:30 at cafe at St. John's College
to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com
FRIAM-COMIC http://friam-comic.blogspot.com/ by Dr. Strangelove


============================================================
FRIAM Applied Complexity Group listserv
Meets Fridays 9a-11:30 at cafe at St. John's College
to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com
FRIAM-COMIC http://friam-comic.blogspot.com/ by Dr. Strangelove