pallabjd on Nostr: Side-by-side comparison of 100 Rupees INR note before and after 2016 ...
Side-by-side comparison of 100 Rupees INR note before and after 2016 "Demonetization"...
Impact of inflation can be seen even on the size of the money itself
Also, if acceptability of the money were to be determined by the people and the market, then the new 100 Rs note would have never been accepted as a replacement of the older one.
It's only because this is a fiat money, the new ugly note now has the same level of acceptability as the old one... because the government said so... because... why not? 😁
Impact of inflation can be seen even on the size of the money itself
Also, if acceptability of the money were to be determined by the people and the market, then the new 100 Rs note would have never been accepted as a replacement of the older one.
It's only because this is a fiat money, the new ugly note now has the same level of acceptability as the old one... because the government said so... because... why not? 😁