Jump to content

indian prime minister modi's currency mental meltdown


genie
 Share

Recommended Posts

54 minutes ago, genie said:

What was he thinking when he came up with this idea of cancelling old notes. Is it to remove corruption add black economy market or something else at play?

c'mon he gave the heads up to his mates prior to the surprise announcement . Who in the hell looks at a situation where there is  total banknotes in circulation in India of valued at 16.42 lakh crore (US$240 billion) of which nearly 86% (around 14.18 lakh crore (US$210 billion)) was ₹500 and ₹1000 banknotes. In terms of volume, the report stated that 24% (around 2203 crore) of the total 9,026.6 crore banknotes were in circulation and says at quarter past eight AT NIGHT all the 500s and 1000s are worthless you need to deposit this in bank and exchange it .

URJIT PATEL came up  with this idea which has failed twice before to curb forgeries(great thinking) apparently they started printing new 500s and 2000s 

Exchanging old notes


people will have until 30 December 2016 to tender their old banknotes at any office of the RBI or any bank branch and credit the value into their respective bank accounts.[1]The Reserve Bank of India laid down a detailed procedure for the exchange of the demonetised banknotes with new ₹500and ₹2000 banknotes of the Mahatma Gandhi New Series and ₹100 banknotes of the preceding Mahatma Gandhi Series.[1]On 13 November 2016, the Ministry of Finance reviewed the procedure

key points:

  • Cash withdrawals from bank accounts restricted to ₹10,000 per day and ₹20,000 per week per account from 10 to 13 November 2016. This limit was increased to ₹24,000 per week from 14 November. 
  • immediate cash the old notes up to ₹4,000 per person could be exchanged for the new ₹500 and ₹2000 banknotes as well as ₹100 banknotes over the counter of bank branches by filling up a requisition form along with a valid ID proof.   This limit was increased to ₹4500 from 14 November 2016 
  • Initially, all ATMs were dispensing banknotes of only ₹50 and ₹100 denominations and cash withdrawals from ATMs were restricted to ₹2000 per day.[15] From 14 November onwards, ATMs recalibrated to dispense new ₹500 and ₹2000 notes will allow a maximum withdrawal of ₹2,500 per day, while other ATMs dispensing banknotes of only ₹50 and ₹100 denominations will allow a maximum withdrawal of ₹2000 per day.[13][14]

 exceptions were given to petrol, CNG and gas stations,

government hospitals,

 railway and airline booking counters,

state-government recognised dairies and ration stores, and crematoriums to accept the old ₹500 and ₹1000 banknotes until 11 November 2016, which was later extended to 14 November 2016 and once again to 24 November 2016.

International airports were also instructed to facilitate an exchange of notes amounting to a total value of ₹5000 for foreign tourists and out-bound passengers.

 

MEANWHILE : NRIs were told sorry you cannot exchange your notes outside India , you can deposit it into a RBI account for NRI but we don't handle indian notes outside India . So F You   (most NRIs are Panjabis methinks)

 

the way I see it the farmers who didn't get pushed off their fields would have been paid in 500s and 1000s , and this prevents them buying seed and thus reducing income in future as sowing window is small, our business men and traders will suffer and people who save for a rainy day /wedding.

Interesting to note they installed rapid action troops on punjab haryana border controlling highway1 traffic. Not a good feel

Link to comment
Share on other sites

There is a theory going around that the withdrawal of the big notes is to test the system by the bankster elites. Who want to see what happens when physical cash currency is taken out of the system and its moved into the digital sphere. That way there is less chance of a run on the banks if there's economy trouble and less privacy to do what you want with your physical cash when everything you do with electronic digital transactions can be tracked by the banking/ tycoon /royal family elites in power and the state.

As the saying goes he who controls the flow of money controls the government and the people.

Link to comment
Share on other sites

3 hours ago, genie said:

There is a theory going around that the withdrawal of the big notes is to test the system by the bankster elites. Who want to see what happens when physical cash currency is taken out of the system and its moved into the digital sphere. That way there is less chance of a run on the banks if there's economy trouble and less privacy to do what you want with your physical cash when everything you do with electronic digital transactions can be tracked by the banking/ tycoon /royal family elites in power and the state.

As the saying goes he who controls the flow of money controls the government and the people.

there is rioting and looting of food stores going on, which is not being shown on MSM

this is when India was sold to the zionists:

http://www.indiatimes.com/news/india/did-you-know-about-6-6-66-the-day-that-forever-changed-the-economy-of-india-256368.html

 

This is not an exercise to check anything just to undermine the population, the gujaratis and VIPs knew it was going to happen and when, so much for catching black marketeers ...

 

Link to comment
Share on other sites

Modi and his close associates have already saved themselves by getting rid of their 500s and 1000 notes before the big announcement.  This comes to show, dont depend on Indian currency. For those of you who have relatives in India, encourage them to invest in the dollar or better yet Gold which is more reliable.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • advertisement_alt
  • advertisement_alt
  • advertisement_alt


  • Topics

  • Posts

    • https://www.bbc.com/news/world-europe-63072113 Russia's Vladimir Putin will hold a signing ceremony on Friday to annex four more areas of Ukraine after self-styled referendums condemned by Ukraine and the West as a sham. Russian-backed officials had earlier claimed the five-day exercise secured almost total popular support. So-called votes were held in Luhansk and Donetsk in the east, and in Zaporizhzhia and Kherson in the south. The Russian president will make a major speech at the Kremlin. A stage has already been set up in Moscow's Red Square, with billboards proclaiming the four regions as part of Russia and a concert planned for the evening.  The event echoes Russia's annexation of Crimea in 2014, which also followed a discredited referendum and was heralded by a Kremlin signing followed by a presidential victory speech in parliament. That initial annexation has never been recognised by the vast majority of the international community, and nor will this.  Ukrainian President Volodymyr Zelensky said the "pseudo-referendums" were worthless and did not change reality. "The territorial integrity of Ukraine will be restored. And our reaction to recognition of the results by Russia will be very harsh."  No independent monitoring of the Russian process took place and election officials were pictured going from door to door escorted by armed soldiers. "Tomorrow at 15:00 (12:00 GMT) in the St George Hall of the Grand Kremlin Palace a signing ceremony will be held on incorporating the new territories into Russia," said spokesman Dmitry Peskov. Separate agreements will be signed with the two Russian-backed separatist leaders from the east and the two Russian-appointed officials from the south. As with Crimea, Russia's two houses of parliament will formally ratify the annexation treaties next week. The Russian president is expected to address to the upper house of parliament on 4 October, three days before his 70th birthday.  The US has said it will impose sanctions on Russia because of the staged referendums, while EU member states are considering an eighth round of measures, including sanctions on anyone involved in the votes.
    • ਨਾਮਧਾਰੀ ਠਾਕੁਰ ਦਲੀਪ ਸਿੰਘ  ਨਿਹੰਗ ਸਿੰਘਾਂ ਦੇ ਜੱਥੇਦਾਰ ਸਰਦਾਰ ਮੇਜਰ ਸਿੰਘ ਜੀ ਨਾਲ ਨੇ ਸਹਿਮਤ । VID-20220929-WA0000.mp4
    • You really are full of nonsense. The reason the Gujaratis came to Britain after being expelled from Africa was because they had British citizenship, no other reason. Many of them had to live in detention camps when they arrived! They did not uplift the image of Indians by selling saris and owning corner shops, something that Punjabis were doing where they were a majority anyway. 
    • Because Naamdharis are absolute masters at kirtan. Simple. On the topic of Akal Takht, it doesn't really hold the same authority as it did in the past. Just look at the people running it and you'll get what I mean. Most the panth, outside of stuff like Tankhaya, don't care about anything they have to say. 
×
×
  • Create New...

Important Information

Terms of Use