In the early 1970s, I laughed at the way traders held up rupee notes to inspect them before they accepted my money. Why were Indians so particular about the condition of such a small amount of money?
I soon found out when I tried to hand over a ripped rupee and no one would take my money. Only a government office exchanged torn currency, but when I saw the long queue, I understood.
After that, whenever I received change, I did the same. I held up the notes to inspect them because I too, didn’t want to wait in a long line. I doubt this still happens anymore now credit cards are widely used, but decades ago it was common practice.
Featured Image: Courtesy Wikimedia Commons — The Reserve Bank of India