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The highest denomination note of INR 1,000 is worth about USD 15.

And they'll be introducing a new Rs. 2000 note, worth about $30

> "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.

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

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.

The new bills will start circulating in 2 days.

Yep, but even tomorrow is not today.

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