Clutch
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Yes I use Pakistani Rupee
Do you know what that rupee cash represents? Is it a net positive value?
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Yes I use Pakistani Rupee
Do you know what that rupee cash represents? Is it a net positive value?
It represents a fiat currency whose value is derived from market demand and supply .It positive value depends on reserves in central bank as it shows amount owed by govt to currency notes holders ,if govt have not reserves of gold or other commodity who has intrinsic value to meet the debt represented by no of currency notes in country its value will become negative in reality
Exactly. As you stated each and every cash issued and used by you is in fact an "I owe you" or a debt owned to the central bank. It represents the interest or "ribba" as you stated as a fiat currency.
Now in you previous past post you stated, "you dont pay taxes because you think the system is ribba based... So you islam allows you you to rob and steal under your Shariah". As you claim. But you are being a hypocrite because:
1. You benefit From that "ribba" system because you use it ... The rupees
2. You will willingly immigrate to another country (as you stated on a another forum) to the West but them declare jihad against the very country you immigrated to and start playing in the same Western ribba economy you dont want to pay taxes to
The point 1 & 2 make you a hypocrite. Sorry.
this rupee based debts not directly cause public to pay and take interest from govt if they not keep their money in saving accoun
Now you are just playing semantics...
You cannot survive without the ribba based rupee and dollar so you use it. You can steal and do corruption by not paying taxes so you yell, "ribba!".
Mullahism is always about hypocrisy..
Sorry.
everyone has his own point of view and i respect your point of view but it is better you avoid declaring others as hypocrates and reply in respectable manner
Regards
Hypocrisy is a very obvious trait. It is the job of am person to identify it ...
Example:
Otherwise we legitimize the immoral and sinful.
- If someone is lying, it is the duty of the truthful to call it out
- If someone is backbiting, it is the duty of the moral person not to praise it
- If someone is corrupt, it id the moral duty of an honest person to stand up.
Likewise, the biggest sin of them all... Hypocrisy should be pointed out by the moral.
Sorry.
It represents a fiat currency whose value is derived from market demand and supply .It positive value depends on reserves in central bank as it shows amount owed by govt to currency notes holders ,if govt have not reserves of gold or other commodity who has intrinsic value to meet the debt represented by no of currency notes in country its value will become negative in reality
Demand and supply of currency is representative of public interest in currency and I have mentioned it in my post earlier as one of factor of currency value but if gold or other reserves are high public interest on currency of country also risesHello you are mistaken. The gold standard ended ages ago. Fiat currencies like the rupee are not backed by anything but the people's faith in them. Our forex reserves are like $7.8bn while our m1 money supply is like $42bn. So no there is nothing backing it except the people's faith in the GoP. This matters a lot because, as we've seen in the case of Venezuela, when people lose faith in their country's currency not even the world's largest oil reserves can help you.
you should also point out hypocracy of our govt otherwise you fall in same category by using double standards for ordinary public like me who has no authority over these matters and praising and justifying govt who has authority and have raised interest to 12.5 percent
@blueazure as an example of bad governance, I want to present an example here. People move freely in Pakistan. Anybody lives anywhere, and govt doesn't know anything about a person's living place. Yes NADRA has some knowledge, but it's not enough. So when you don't know the current status of a person living anywhere, you simply can't control resources related to a population, there is no concept of city registration in Pakistan.
as of today ,
1. businesses are increasing using offshore tax havens to move funds and park profits outside pakistan
2. more and more parchoon traders are leaving the banking system altogether and using cash / barter settled trades
3. five export sectors are coming on the streets to protest withdrawl of zero rated regime in this budget
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good luck with imf hitmen sir