A side-benefit: those Pakis sending us fake currency notes will be left with a lot of unbankable notes. And so will our black money holders.
The article is at www.moneycontrol.com/news/rupee/forget-36-re-1-=-15-cents-we-neednew-rupee-for-india_939423.html
Also, this won't be the first time that a new currency is used to stabilize a financial system.
http://www.npr.org/blogs/money/2010/10/04/130329523/how-fake-money-saved-brazil
Ghana has also done this in the past
http://en.wikipedia.org/wiki/Ghana_cedi#Second_cedi_.28GHC.29.2C_1967.E2.80.932007
P.S. The logic behind these posts can be found in this
post
No comments:
Post a Comment