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India spent 501 thousand bills: the poor squeeze bank rich hoard iPhone original title: two bills let India panic: the exchange rate plummeted, businesses closed, poor crowded bank, wealthy hoard iPhone said the mysterious India, we first thought what? The birthplace of Buddhism, unknown technological power, yiyanbuge dance bollywood movies. But the most impressive, I’m afraid, will be the population of India and the scene of the crowded train. In recent days, Indians have not crowded trains, crowded into the door of the bank. * source: Bloomberg, daily economic news reported, the evening of November 8th, Modi suddenly announced that 500 rupees and 1000 rupees notes from 9 midnight is no longer a legitimate currency. From November 10th ~12 30, people can go to the bank to exchange the new version of RS 2000 and RS 500. The goods no longer receive 500 rupees and 1000 rupees notes, source: Reuters policy has been released over the past 6 days, India bank ATM machine has been emptied, the bank in front of a long row of the team, people in order to save money or money, need to wait for a few hours. Photograph: BBC / India Ministry of Finance said that as of 13, the banking system has received a total of 3 trillion rupees (about 300 billion yuan or $44 billion 300 million) cash deposit. After India’s central bank data show that the disabled 500 and 1000 rupees banknotes in circulation accounted for 86% of large bills, a total of $220 billion. Visible, modi’s mission has been completed about 15. Since large amounts of money to people can use large amounts of money for the new version, should not appear in line "rob" situation. But that’s what the India government is playing. India finance minister Arun Jaitley said that in order not to let the outside world, the government did not advance to the country’s 200 thousand ATM machine upgrade, resulting in the existing ATM machine does not apply to the new banknotes. Therefore, people can only exchange small denomination banknotes. Government officials said the cash shortage will continue until December. * source: The Associated Press in order to alleviate the people for a long time queuing situation. 14, the government canceled the daily withdrawal limit of RS 10000, the weekly limit increased from RS 20000 to RS 24000, the counter exchange amount increased from RS 4500 to RS 4000. Daily economic news reporter found that, from the announcement of the policy, the rupee against the U.S. dollar fell from 0.0151 in November 8th today (day 14), a record low since July of this year, the decline of 5 days of 2.649%. "Black economy" the total amount of approximately equal to the whole of Thailand, Prime Minister Modi sit modi suddenly announced that large bills abolished circulation, as he term more than half of time, it is also considered the biggest step he fight corruption, money laundering and tax evasion behavior. On the one hand, a large number of drug trafficking, smuggling, arms trafficking, bribery and other illegal behavior through cash transactions, on the other hand, cash transactions lead to tax evasion leakage Kai相关的主题文章: