There Are Furious Trades Of Rs. 500 And Rs. 1000 Notes Happening On Olx And Quikr

If you have something that you no longer have use for, what do you do? Sell it on the internet, of course.

A deluge of postings for Rs. 500 and Rs. 1000 notes has appeared on Olx and Quikr on the morning after Prime Minister Modi’s shock announcement.

This was a posting today on Olx.

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The Rs. 500 note selling for Rs. 400 isn’t surprising – redeeming a Rs. 500 note at this point will likely require a long wait in a line outside a bank.

This user seems to be selling his Rs. 500 notes at face value. 

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It appears that selling currency on Olx seems to be against site policies, and several of these listings have been taken down. That’s when people have started getting creative – this user is willing to take your Rs. 500 and Rs. 1000 notes and send you a direct NEFT transfer to your bank – for a fee, of course.

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Other people have gone to even greater lengths – one individual has plated his Rs. 1000 note with silver, and is selling it for Rs. 1,200.

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Someone from Jaipur went a notch higher – he claims he’s plated his Rs. 1000 note in gold, and is selling it for a mere Rs. 351.

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Then it goes into bizarre territory. Someone from Indore is selling gold biscuits and accepts Rs. 500 and Rs. 1000 notes.


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But it’s only a recurring theme – people are¬†throwing in an added “accept Rs. 500 and Rs. 1000 notes” for selling everything from phones, bikes, and even routers.

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And if real estate buyers were worried that the implementation of the new rule would hamper their deals, never fear – there’s a plot in Mumbai that proudly says “500 notes allowed” in its ad.
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If we needed any more proof that India is the true land of jugaad, this is it.

Update: Quikr has contacted OfficeChai and said that such listings have been “deleted and prevented from going live by Quikr.”