11-17-2016, 09:43 AM
I just googled 1000 rupees to usd and the answer was $14.72. The median annual income is $616. So, in American terms, where the median annual income is $51,759, this would be like banning a $1,236 bill. Currently our largest bill is $100. In the past, we have had $500, $1000, $5000, and $10000 bills at various times. So, we have already been subjected to a big attack on cash, not to mention the voluntary move to credit and debit cards by most people.