Jithin91
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- 31 Jan 2017
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What ever the language, one cannot deny the fact...!
Why giving people so much headache especially the middle class.
As per RBI latest data there's still 362000 Crore worth 2000 notes in circulation.
At a time you can only exchange 10 notes., as per stats a common man need to visit a bank 18.1 crore times to exchange all the money in circulation.
As 2000 remain legal tender till sept its the shop owners, daily wagers, petrol pump owners are the ones going to suffer.
Now, as per RBI, they spend Rs.4.18 for printing a single 2000 note.
In Mar 2018, the value of circulation of 2000 was 672600 crores., that means RBI has printed 319 crore notes in number.
It also means, RBI has spend appx. 1333 crore to print 2000 notes. All of them the tax payers money.!
Nd boom., with in 6 years 2000 note is gone.
The money behind this, the headache for common people.. Nobody has forgotten Nov 2016 and the suffering of people.
Denomination and 2000 note could be a surgical strike as per BJP, but at the end of the day it the common man who suffers.