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Demonetisation: News, Updates & Discussions

Discussion in 'World Economy' started by Mercury, Nov 8, 2016.

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Vote For or Against Demonitisation

Poll closed Nov 18, 2016.
  1. Good Idea, Well Executed

    19 vote(s)
    67.9%
  2. Bad Idea, Badly Executed

    1 vote(s)
    3.6%
  3. Good Idea, Badly Executed

    8 vote(s)
    28.6%
  1. VCheng

    VCheng RIDER REGISTERED

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    The exchange rate and the price of gold will reveal much.
     
    vstol jockey likes this.
  2. jha

    jha 2nd Lieutant FULL MEMBER

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    BTW New Rs 2000 notes will not lead to revival of black economy, out of fear that this can be repeated.
     
    Abingdonboy likes this.
  3. AbRaj

    AbRaj Captain FULL MEMBER

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    SP will certainly be in shock now. Main strength of this party is illegal money.
    It's election campaigns are entirely based on distribution of black many.
     
    Last edited: Nov 8, 2016
  4. vstol jockey

    vstol jockey Colonel MILITARY STRATEGIST

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    Pls understand the international markets. The demand for USD for any nation drives the exchange rates. Gold economy of India is nearly 10% of our imports for this metal. Now, we will have imports but the buyers will have to pay the taxes. That changes the equation.
     
    SrNair and Levina like this.
  5. AbRaj

    AbRaj Captain FULL MEMBER

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    BTW recently BjP employees was caught with huge amt of cash in a car near UP-Delhi border (in crors)
     
  6. Dagger

    Dagger 2nd Lieutant FULL MEMBER

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  7. Darth Marr

    Darth Marr Captain FULL MEMBER

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    M_Id_141381_mayawati.jpg

    Now she looks like a moron ... :lol:
     
  8. Levina

    Levina Guest

  9. VCheng

    VCheng RIDER REGISTERED

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    Demand for USD is one side of the equation. On the other is the result of the present demonetization of the INR, with removal of a large amount of circulating currency. The appreciation of the INR's value will be proportional to the amount removed from circulation.
     
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  10. Kalmuahlaunda

    Kalmuahlaunda Lieutenant FULL MEMBER

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    Remember, Remember the 8th of November
    The killing of 1000 and 500 note
    I see no reason why this season
    Should ever be forgot...
    #MforModi
     
  11. vstol jockey

    vstol jockey Colonel MILITARY STRATEGIST

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    And that will be over 30%. Now imagine how will it effect INR exchange value? I see some very rich Foreign banks suffering massive loses while Indians banks will rise.
     
  12. Robinhood Pandey

    Robinhood Pandey SECOND IN COMMAND IDF NewBie

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    Some fallouts of this historic decision to demonetise 500 and 1000 rupee notes.

    1) Black money hoarders will be hard hit.

    2) Pakistani cottage industry of printing fake 500 n 1000 rupee notes will be basically be left with stacks of toilet paper.

    3) Money distribution in UP elections will be affected. Cry Congress, BSP and SP.

    4) Jehadi and Maoist movements in India are largely financed by black money - this will be a huge blow to them.

    5) Parties like AAP will be now actually be begging at Ghazipur Cross for 5 rupee donations!

    6) Your average AAPtard will still be asking, 'but but but, mere 15 lakh kab milenge'?
    :sarcastic::sarcastic::sarcastic:

    [​IMG]
     
  13. VCheng

    VCheng RIDER REGISTERED

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    30%? As @Hellfire would say by stealing my line, let's wait and see. :D
     
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  14. Darth Marr

    Darth Marr Captain FULL MEMBER

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    Hurriyat seen in the streets of Srinagar begging for money...
     
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  15. vstol jockey

    vstol jockey Colonel MILITARY STRATEGIST

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    Abingdonboy and Levina like this.

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