IMSO, the rate will have to apply to both new and old currency as the CBI has stated the 3000’s will coexist with the NSCN’s for at least two years and upwards of ten years. A few weeks back, the CBI again stated that they are not going to remove any currency denominations when they unveil the 20,000…I hope I am right as the release of the 20 absent a 20,000 is another indication that the new rate will directly apply to all.
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