10 Nov 2019
Let not " fear of making a mistake " , hold back bold - and honest - decisions
Such as withdrawing Rs 2,000 currency notes , in order to reduce the scourge of Black Money
In most developed economies. the ratio of the " highest denomination " currency note to the " lowest denomination "note, is no more than 100
That fact encourages use of Digital Money , even for small purchases
Against our use of Cash for transactions at 85 % , in China it is only 12 % !
And it is reported that China will soon introduce a mobile-app based Crypto-Currency and convert every bank account deposits into this digital currency
Absolutely NO CASH / no paper currency !
May be the final and permanent elimination of BLACK ECONOMY !
We urgently need a real " Demonetization " - not a " Remonetization " masquerading as demonetization !
MYBLOGEPAGE.BLOGSPOT.COM
Call it an “ Honest Mistake “
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