they did donate the 1000 notes. But there were limits to amounts you can exchange per day and in total so people couldn't use these as fronts to convert money.
In any case I don't believe that 99% of notes 'came back'. That was pure BS. I don't even know why they said that. The old notes are...
2000 did not replace the entire volume but only a fraction of the volume taken out. A limited fraction to meet legitimate needs. There were other ways to return the 1000 notes- especially temple charities and donations. People dumped the cash into donation boxes without getting anything in return.
it's not 70%, it's actually 80%. That's why demonetization made sense. People obviously weren't 'breaking' the 1000 to buy things because there wasn't significantly higher demand for 500 or 100. Yet every year the demand for 1000 kept going up. Obviously people were hoarding that cash in pillows...
yeah...that's why 70% of currency was 1000, because 'most common pricing' was between Rs.100 and Rs.500.
In fact, that is the truth. When you go out to buy something the stuff costs you between 500 and 100, then why was 80% of the currency in circulation Rs.1000? Because people were stuffing...
reducing volumes makes tracking easier genius. reducing total volume of currency also pushes people to digital payments which has happened. You can introduce a million $$ note that no one uses too. But of course if people can't use it then it is of no use. Point- even if it failed demonetization...
And @Janbaz Rao they're also interested only in taking your money. Like CPEC, overall 3 times the cost of similar projects. How come they don't ease the terms? A strong Pakistan will only make iron friendship stronger. No- they want their 20% ROI on their money at all costs, iron friendship or...
You can trash talk all you want but the world map shows what we did to you...again and again and again. Because you can't do anything in return you talk trash, this is called 'rage of the impotent'.
oh we thank you for leaving us. Now please don't try to get back in. garbage out.
Baap hamesha baap hota hai. We don't need you, you keep fantasizing about us.
executions my @$$. Everyone knows the 'anti-corruption' executions are essentially political executions on Jiang Zemin supporters. Higher denomination notes were introduced because we needed new notes with a design that had never been used before. Because 2000 replaced 1000 notes, only half the...
lol, modern republic starts only in 1947. In any case most indians are happy we got rid of the bad parts, most pakistanis want to join India- ain't gonna happen.