01-12-2005, 10:14 PM
<BLOCKQUOTE id=quote><font size=1 face="Verdana, Tahoma, Arial" id=quote>quote<hr height=1 noshade id=quote>
Assalam o Alaikum guyz !!!
Hey wats wrong widda gov .... donn u guyz think it woulda provoke and instigate feurious Inflationry reactions in the economy......and would ultimately affect the purchasing power of the consumers by reducing & restricting it ??? Is tht Fair & Fruitesome.....
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>
Well, I myself have personal reservations about the issue of Rs. 5000 notes & Rs.20000 notes. It might lead to speculative inflationary pressures. But well we only have limited economic knowledge. Perhaps the govt. has some objectives which we cannot see as yet or there might always be foreign interence (IMF).
I dont think that the Rs. 5000 notes or Rs. 20000 notes have any practicle use for masses yet. Inspite of the inflation, when u offer a shop keeper a Rs. 1000 note he behaves as if u are offering him a peice of rock! Most shop keepers refuse to offer change of Rs. 1000 even if u are buying goods worth Rs. 600. Perhaps the govt should concentrate more on improving the current Rs. 1000 note & add more security features so that the masses have some confidence in using it. But I guess the issue might be of some use to businesses dealing in large cash transactions.
Assalam o Alaikum guyz !!!
Hey wats wrong widda gov .... donn u guyz think it woulda provoke and instigate feurious Inflationry reactions in the economy......and would ultimately affect the purchasing power of the consumers by reducing & restricting it ??? Is tht Fair & Fruitesome.....
<hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote>
Well, I myself have personal reservations about the issue of Rs. 5000 notes & Rs.20000 notes. It might lead to speculative inflationary pressures. But well we only have limited economic knowledge. Perhaps the govt. has some objectives which we cannot see as yet or there might always be foreign interence (IMF).
I dont think that the Rs. 5000 notes or Rs. 20000 notes have any practicle use for masses yet. Inspite of the inflation, when u offer a shop keeper a Rs. 1000 note he behaves as if u are offering him a peice of rock! Most shop keepers refuse to offer change of Rs. 1000 even if u are buying goods worth Rs. 600. Perhaps the govt should concentrate more on improving the current Rs. 1000 note & add more security features so that the masses have some confidence in using it. But I guess the issue might be of some use to businesses dealing in large cash transactions.
