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![]() ![]() ![]() ![]() Anyway, this sounds suspicious. Isn't there a cheeper way to get razors than manufacturing them small scale from coins? For example, they could buy stainless steel from the same company that sells it to the Indian mints. They probably wouldn't mind getting 35 times better price for it from the razor-starved Bangladeshians. |
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Wait, wait... this is the explanation, I simply overlooked it:
Inflation of nearly 5 per cent in India means that one rupee is worth more in its raw stainless steel form than its face value as a currency. Obviously, if the metal in the coin is worth more than 1 rupee, the coins are bound to disappear. No hoarding or elaborate theories needed. Where it's going? Maybe to the same place that buys scrap metal. If you had silver dollars in the US, of 1 dollar nominal value, they'd quickly disappear from circulation too. |
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