Black money: The impact is as good as demonetisation as currencies printed before 2005 will no longer be in circulation. The RBI has given an opportunity to exchange notes through banks only. This means hoarders of cash will automatically come under the lens if they approach banks. They are likely to employ benami names or front companies to get notes exchanged for new ones at a premium of 10-15 per cent. Corruption: Bank employees could resort to devious ways to make a quick buck or bail out customers. Eventually the government and RBI win by giving a body blow to counterfeit notes and hoarders of cash. importantbankingnews.blogspot.in/2014/01/your-questions-on-withdrawal-of-notes.html
Posted on: Fri, 24 Jan 2014 01:16:17 +0000
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