Re: BAN OF Rs.500 AND RS.1000
by SHRIDHAR on Nov 10, 2016 10:49 AM
There is totally wrong reporting because there is no "BAN" as such.Only exchange with new higher denomination Rs.2000 notes.Black money in Rs1000s will be replaced by black money in Rs.2000s
Re: Re: BAN OF Rs.500 AND RS.1000
by on Nov 10, 2016 10:59 AM
The Answer is if they go for lower denomination ,even counterfiet and Black money is curbed .For example if we opt for Rs200 instead of 2000, Expenses for single note itself will be higher and they will get very less % incase of smaller denomination , Black money wallahs also fear to hide such a large bag if it is less denomination . Government failed to anaylse ?
Re: why 2000 rs note?
by paras shah on Nov 10, 2016 10:56 AM
Since Illegal 500 and 1000 notes will be abolish from the system , number of 2000 notes in the economy will be less. So there will be check on the numbers in the system. Also people will be afraid to hoard the currency if in future again it is demonetarised .
If high denomination currency is the cause of black money then why govt of India is bringing new 2000 and 500 denomination currency into circulation. This change of currency will only stop fake currency problem in our country and that is for some days/months only.
