This Dubai-based Indian man owns a rare Rs 10,000 note that was demonetised in 1978

This Dubai-based Indian man owns a rare Rs 10,000 note 

Apparently at the time, solely 346 notes of Rs 10,000 were in circulation.

It has been over a month that the Prime Minister introduced the ending of high-value currency notes of recent Rs five hundred and Rs one,000. whereas an oversized section of the population, as well as at hand economists like Amartya subunit and Manmohan Singh, has criticised the choice, several have conjointly supported the government’s move.

Interestingly, whereas folks within the country area unit troubled to urge their hands on their own hard-earned cash, associate Indian man living in city has apparently got a Rs ten,000 note in his possession. For those that aren’t within the apprehend, the Rs 10,000 notes were discontinued  approach back in 1978. Even then, the move was created to get rid of black cash from the system.

Ramkumar is reportedly the founding father of a Dubai-based numismatic (pertaining to coins or medals) company known as Numisbing. He came to possess the rare Rs ten,000 note in 2015 from a collector in Asian nation. in keeping with a Gulf news, depository financial institution of India’s knowledge says that before the 1978 ending, solely 346 notes of Rs ten,000 were in circulation, of that but ten such notes area unit offered these days

Apparently, the note that Ramkumar is in possession of is that the only 1 in UAE and therefore the Near East. The note is reportedly currently on show at the Numisbing salesroom set in Al Maktoum Street’s capital of Qatar Centre. Ramkumar has been quoted to possess aforementioned it had been tough to place a tag on the note, once asked what proportion is it’s value from a collector’s purpose of read.