The new 500 rupee note (Reserve Bank of India via the Wikipedia in English). |
Comparison between a normal version (upper one) and the erroneous one (bottom) (Times Now). |
The Reserve Bank of India acknowledged the problem and explained it was caused by the rush to print enough notes in such short notice. It assured people that both version are legitimate as long as all security features can be found on the notes...
... But should people be confident in the notes? Would the first fraudulent designs be accepted because consumers would not be able to be sure if it could be the legal erroneous one? Or would people refuse all 2000 notes altogether to avoid such deception?
Sadly this problem is only a small one compared to the daily struggle of the daily paid workers (whose employers haven't enough cash to pay them daily) and of the farmers (whose savings for seeds and crop insurance are worthless and their banks cashless).
And it has only been eighteen days...
Daily summaries of the demonetisation consequences on the blog in French: 1, 2, 3,...
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