01-09-2005, 09:42 AM
As you must have heard, SBP had decided to launch five and twenty thousand rupees currency notes.
Regardless of the reasons given by SBP/ GoP, its clear that it will encourage further non-documentation of economy and encourage black market. It is really hard to understand that we still have so much cash economy and it is encouraged...
it just reminds me of PIA... if you have bought tickets from outside pakistan... they demand cash .. STRICTLY NO CREDIT CARDS. <img src=icon_smile_big.gif border=0 align=middle><img src=icon_smile_big.gif border=0 align=middle>
Edited by - CBPian on Jan 09 2005 044334 AM
Regardless of the reasons given by SBP/ GoP, its clear that it will encourage further non-documentation of economy and encourage black market. It is really hard to understand that we still have so much cash economy and it is encouraged...
it just reminds me of PIA... if you have bought tickets from outside pakistan... they demand cash .. STRICTLY NO CREDIT CARDS. <img src=icon_smile_big.gif border=0 align=middle><img src=icon_smile_big.gif border=0 align=middle>
Edited by - CBPian on Jan 09 2005 044334 AM
