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RE: Hello steemit community! I am Tanya :D
Firstly we do not have 5000K notes and the situation is normal for everyone, except the people who cannot account for their money.
As for crypto, bitcoin is catching up and getting bigger, and being a country where English is common, I predict good things for steemit in India.
OK, I misheard what they were saying on the BBC, thought they said 5000 notes, they said 500 and 1000 notes... and that it was like chaos over there with people trying to get money changed.
Some amount of panic was created initially as it was a surprise announcement nobody was expecting. Things are better now and the lines are getting shorter, as more people realize there is time till the 30th of December to deposit and convert the withdrawn denominations of 500 and 1000 rupees.
Okay cool, thanks for clearing it up!