Currency Demonetisation and Future course of Indian Economy

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fanne
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Posts: 4282
Joined: 11 Feb 1999 12:31

Re: Currency Demonetisation and Future course of Indian Economy

Post by fanne »

Interesting theory - Indian Demonetisation leading to economic failure in the neighboring country.
https://twitter.com/Tushar15_/status/15 ... 1558529024

https://twitter.com/MandarSawant184

Kavita
@kavita_verma1
·
3h
Replying to
@NAN_DINI_
and
@Tushar15_
I don't know if it's coincidence, but pakstaan slid down the road economically right after DeMo - maybe it was the fake Indian currency that was keeping them afloat ? Also, stone pelters in Kashmir vanished
Ambar
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Location: Weak meek unkil Sam!

Re: Currency Demonetisation and Future course of Indian Economy

Post by Ambar »

Pakistan's road to economic destruction is 70 yrs in the making and entirely their own, the FICN only helps ISI's agenda inside India by running up Indian inflation, causing transactional backlog, making people suspect their own currency etc. but there's no connection to Pakistan's own economic well being. Pakistan would have been bankrupt 30 yrs ago had it not been for their sugar daddies repeatedly bailing them out. A country with little exports, large import bill, lack of education, healthcare and abject poverty can remain afloat only for so long.

Coming back to FICNs, there are plenty of Rs 2000 and Rs 500 in circulation again . This is another reason why so many traders now readily accept google or paytm. The only way the scourge of fake currency notes will go away when all money is digitized. Ofcourse the downside is without checks and balances in place it is probably much easier to create digital currency than fake currency notes.
nandakumar
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Re: Currency Demonetisation and Future course of Indian Economy

Post by nandakumar »

Ambar wrote:Pakistan's road to economic destruction is 70 yrs in the making and entirely their own, the FICN only helps ISI's agenda inside India by running up Indian inflation, causing transactional backlog, making people suspect their own currency etc. but there's no connection to Pakistan's own economic well being. Pakistan would have been bankrupt 30 yrs ago had it not been for their sugar daddies repeatedly bailing them out. A country with little exports, large import bill, lack of education, healthcare and abject poverty can remain afloat only for so long.

Coming back to FICNs, there are plenty of Rs 2000 and Rs 500 in circulation again . This is another reason why so many traders now readily accept google or paytm. The only way the scourge of fake currency notes will go away when all money is digitized. Ofcourse the downside is without checks and balances in place it is probably much easier to create digital currency than fake currency notes.
Something in the nature of fake digital currency is already happening. See this link below.
https://www.thenewsminute.com/article/h ... pay-164213
arvin
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Posts: 672
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Re: Currency Demonetisation and Future course of Indian Economy

Post by arvin »

nandakumar wrote:.

Something in the nature of fake digital currency is already happening. See this link below.
https://www.thenewsminute.com/article/h ... pay-164213
This is remedial. Points to lack of monitoring at the said company.
They will patch it and move on.
shaun
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Posts: 1385
Joined: 11 Aug 2016 06:14

Re: Currency Demonetisation and Future course of Indian Economy

Post by shaun »

nandakumar wrote:
Ambar wrote:Pakistan's road to economic destruction is 70 yrs in the making and entirely their own, the FICN only helps ISI's agenda inside India by running up Indian inflation, causing transactional backlog, making people suspect their own currency etc. but there's no connection to Pakistan's own economic well being. Pakistan would have been bankrupt 30 yrs ago had it not been for their sugar daddies repeatedly bailing them out. A country with little exports, large import bill, lack of education, healthcare and abject poverty can remain afloat only for so long.

Coming back to FICNs, there are plenty of Rs 2000 and Rs 500 in circulation again . This is another reason why so many traders now readily accept google or paytm. The only way the scourge of fake currency notes will go away when all money is digitized. Ofcourse the downside is without checks and balances in place it is probably much easier to create digital currency than fake currency notes.
Something in the nature of fake digital currency is already happening. See this link below.
https://www.thenewsminute.com/article/h ... pay-164213
Read in entirety , amount partially recovered and some nodes were not updated led to security breach. And This is not digital currency but digital transaction
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