Wednesday, August 6, 2014

Lahks and Crores

Who wants to be a millionaire? Well you probably already are... in rupees. At 60 rupees to the dollar, it takes less than $17,000 to be a millionaire. Don't get me wrong, that's still a lot of money. Anyway, in South Asia I've seen things advertised using a counting metric I was not familiar with. Enter the lahk. One lahk is 100,000. That seems convenient, right? But wait, there's more. A lahk is not written in standard numerical notation. Instead of 100,000 you would write 1,00,000. So 1.2 million (a word I've never seen or heard here) would be 12 lahk or 12,00,000. Now, I know what you're thinking. What's above lahks? Well it turns out they thought of that too! Ten million is 100 lahk (1,00,00,000), or one crore. Of course you can take it one step further to one "lahk crore," which is 10,00,00,00,00,000.

Lets tie this all back into rupees:

INR5              ... tea
INR1 lahk       ... a moped
INR1 crore     ... a medium to high end two bedroom apartment (1000sqft)
INR1 lahk cr   ... Apollo Space Craft

I don't know about you, but I want to be a lahk-crore-ionaire.

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