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Rupees

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Author Previous TopicReplies: 3 / Views: 980Next Topic  
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docsfishn's Avatar
United States
1031 Posts
 Posted 06/15/2007  8:51 pm Show Profile   Bookmark this topic Add docsfishn to your friends list Get a Link to this Message Number of Subscribers
Just wondering if anyone knows about this. I have some rupees but probably not the ones they're talking about.

http://edition.cnn.com/2007/BUSINES...p/index.html

I do like the rupees I have and hope that this is just a joke.
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Sap's Avatar
Australia
16806 Posts
 Posted 06/15/2007  11:54 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply
I had heard of a similar problem in Sri Lanka some time ago.
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cladking's Avatar
United States
2270 Posts
 Posted 06/16/2007  12:04 am  Show Profile   Bookmark this reply Add cladking to your friends list Get a Link to this Reply
These are nickel and quarter sized stainless steel coins. I doubt that there's nearly enough metal in them to make them profitable to melt them but the manufacturers are having trouble getting metal to make consumer products for which the loss on melting is a nominal percentage. The LME defaulted on nickel contracts last year which may be resulting in a sort of enforced rationing.

This sort of thing is likely to spread despite being against the law in India and many other countries (including the US).
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Topher's Avatar
Canada
965 Posts
 Posted 06/16/2007  10:33 am  Show Profile   Bookmark this reply Add Topher to your friends list Get a Link to this Reply
I get my various rupees from a friend in Northern India. He doesn't seem to have any of these problems.
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