NEWS

Sunday, 13 November 2016

What to expect from RBI's 1000 Currency Hope?


People of India are positive about Prime Minister Narender Modi's grand move to deactivate black money process from its system but presently confused what to expect from Bank process as small currency notes making them to queue frequently with ace on body, hoping Rs. 1000 arrival.


People with small purchase are facing problem with Rs. 2,000 currency notes as the dealers or shopkeepers show them the door with one statement, "We cannot take queue problem for you."


Now people have to be patient as the reply is reasonable but the Reserve Bank of India (RBI) has assured of Rs 1000 release. On this counterpart Economic Affairs Secretary, Shaktikanta Das detailed that new Rs 1000 which will be issued by banks after few months will bear new color combination, dimension and design.



But another process of controlling black money system in the nation will be to change series of notes from time to time in the market. Das added, "From time to time, new series of notes with new features and designs will be infused in the market."  

No comments:

Post a Comment

Your highlight can be precious enough to make a change in the present system for better progress of the nation and so make a step to comment.