23 Aug 2013

Rupee falling ? Let's get a new rupee - Article for the day 23 August

This tongue-in-cheek article makes some really interesting points. I especially liked the


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
 



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